Mumbai, Feb. 17 -- The key equity benchmarks traded with modest losses in the mid-morning trade, weighed down by persistent foreign fund outflows from Indian markets and pressure from index heavyweights such as Reliance Industries, M&M, and Infosys. The Nifty hovered below the 22,850 mark. Auto shares extended losses for the sixth consecutive day.

At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 271.16 points or 0.36% to 75,668.05. The Nifty 50 index slipped 80.25 points or 0.36% to 22,845.75.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.62% and the S&P BSE Small-Cap index slipped 1.15%.

The market breadth was weak. On the BSE, 995 shares rose and 2,705 shares fell. A total of...