Mumbai, Jan. 23 -- The key equity benchmarks traded with major losses in the afternoon trade as investors monitored global cues and awaited further clarity on domestic triggers, keeping market movements range-bound.

The Nifty traded below the 25,200 level. Barring the IT index, all other indices traded in the red on the NSE.

At 13:28 IST, the barometer index, the S&P BSE Sensex tanked 524.11 points or 0.64% to 81,784.31. The Nifty 50 index fell 163.30 points or 0.64% to 25,162.75.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.99% and the S&P BSE Small-Cap index dropped 1.61%.

The market breadth was weak. On the BSE, 1,390 shares rose and 2,646 shares fell. A total of 165 shares were unchange...