Mumbai, July 11 -- The key equity indices witnessed significant losses in afternoon trade, as investors engaged in profit booking and shifted to a risk-off sentiment. Nifty traded below the 25,200 level. Metal shares declined after advancing in the previous trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, declined 667.52 points or 0.80% to 82,522.76. The Nifty 50 index lost 193.80 points or 0.76% to 25,161.45.

The broader market outperformed. The S&P BSE Mid-Cap index shed 0.54% and the S&P BSE Small-Cap index fell 0.65%.

The market breadth was positive. On the BSE, 1,474 shares rose and 2,466 shares fell. A total of 172 shares were unchanged.

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