Mumbai, Dec. 15 -- The key equity benchmarks trimmed most of their earlier gains and slipped into marginal losses in afternoon trade. The Nifty traded below the 26,050 mark. Investors will monitor IPO activity and economic data.

Media, FMCG and consumer durables shares advanced while auto, pharma and realty shares declined.

At 13:25 ST, the barometer index, the S&P BSE Sensex, declined 57.08 points or 0.07% to 85,210.58. The Nifty 50 index fell 12.65 points or 0.05% to 26,034.30.

In the broader market, the S&P BSE Mid-Cap index shed 0.02% and the S&P BSE Small-Cap index advanced 0.31%.

The market breadth was strong. On the BSE, 2,160 shares rose and 1,985 shares fell. A total of 184 shares were unchanged.

Gainers & Losers:

Interglob...