Mumbai, July 24 -- The headline equity benchmarks traded with substantial losses in the early-afternoon trade, weighed down by selling in IT, realty and FMCG stocks. The Nifty traded below the 25,100 level. FMCG shares witnessed selling pressure for the fifth consecutive trading session.

At 12:30 ST, the barometer index, the S&P BSE Sensex, tanked 529.44 points or 0.64% to 82,196.20. The Nifty 50 index declined 149.35 points or 0.59% to 25,070.55.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.45% and the S&P BSE Small-Cap index shed 0.36%.

The overall market breadth was negative, with more stocks declining than advancing. On the BSE, 2,308 shares fell, while 1,545 shares advanced. 181 shares re...