Mumbai, Feb. 17 -- The key equity indices traded with limited losses in the early afternoon trade, weighed down by persistent foreign fund outflows from Indian markets. The Nifty hovered below the 22,850 mark. IT shares witnessed selling pressure for seventh consecutive trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 364.71 points or 0.48% to 75,574.79. The Nifty 50 index slipped 103.15 points or 0.45% to 22,826.10.

In the broader market, the S&P BSE Mid-Cap index fell 0.76%, and the S&P BSE Small-Cap dropped 1.71%.

The market breadth was weak. On the BSE, 605 shares rose and 3,936 shares fell. A total of 118 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation ...