Mumbai, July 25 -- The key equity indices traded with major losses in the mid- afternoon trade. The Nifty traded below the 25,850 mark. PSU bank shares declined after advancing for previous two trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, tanked 707.11 points or 0.86% to 81,474.82. The Nifty 50 index declined 216 points or 0.86% to 24,846.10.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.37% and the S&P BSE Small-Cap index tanked 1.75%.

The overall market breadth was weak, with more stocks declining than advancing. On the BSE, 1,030 stocks advanced, 2,895 declined, and 163 remained unchanged.

Buzzing Index:

The Nifty PSU bank index fell 1.55% to 7,014.10. The ind...