Mumbai, Sept. 5 -- The headline equity indices traded with limited cuts in the afternoon trade weighed by profit booking. Investors adopted a risk-averse approach. The Nifty traded below the 24,700 level. Auto, metal and media shares advanced while realty, FMCG and IT shares declined.

At 13:30 IST, the barometer index, the S&P BSE Sensex, dropped 191.71 points or 0.24% to 80,523.52. The Nifty 50 index declined 48.15 points or 0.20% to 24,687.25.

In the broader market, the S&P BSE Mid-Cap index declined 0.23% and the S&P BSE Small-Cap index fell 0.01%.

The market breadth was negative. On the BSE, 1,841 shares rose and 2,120 shares fell. A total of 172 shares were unchanged.

Gainers & Losers:

Mahindra & Mahindra (up 2.40%), Eicher Moto...