Mumbai, May 16 -- The key equity indices traded with moderate losses in early afternoon trade amid limited profit booking, following a sharp rally in the previous session. Investors are awaiting Q4 earnings reports from various companies. The Nifty hovered below the 25,000 level.

Realty shares jumped for the third consecutive trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex, declined 331.24 points or 0.39% to 82,208.70. The Nifty 50 index fell 83.35 points or 0.33% to 24,978.75.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.67% and the S&P BSE Small-Cap index added 0.92%.

The market breadth was strong. On the BSE, 2,422 shares rose and 1,368 shares fell. A total of 172 sh...