Mumbai, Feb. 28 -- The headline equity indices traded with significant losses in afternoon trade as investors responded to fresh comments from U.S. President Donald Trump regarding tariffs and awaited India's key GDP data. The Nifty tanked below the 22,150 mark.

All the sectoral indices on NSE traded in the red, with IT, media and auto shares declining the most.

At 13:30 IST, the barometer index, the S&P BSE Sensex, tanked 1,347.77 points or 1.81% to 73,262.37. The Nifty 50 index declined 405.30 points or 1.80% to 22,139.75.

The broader market underperformed frontline indices. The S&P BSE Mid-Cap index declined 2.75% and the S&P BSE Small-Cap index dropped 3.10%.

The market breadth was weak. On the BSE, 491 shares rose and 3,409 share...