Mumbai, Feb. 18 -- The key equity indices continued to trade with modest losses in the mid-morning trade as weak earnings and foreign fund outflows continued to hit investors' sentiment. The Nifty hovered below the 22,850 mark. Metal shares declined after advancing in the previous trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 401.36 points or 0.53% to 75,595.50. The Nifty 50 index declined 128.25 points or 0.56% to 22,831.25.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 1.15% and the S&P BSE Small-Cap index slipped 1.99%.

The market breadth was weak. On the BSE, 901 shares rose and 2,808 shares fell. A total of 143 shares were unchanged.

IPO Update:

The ...