Mumbai, July 17 -- The headline equity benchmarks traded with minor losses in early afternoon trade. The Nifty traded below the 25,200 level. PSU Bank shares slipped after advancing for previous three trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex declined 133.20 points or 0.16% to 82,500.30. The Nifty 50 index fell 32.20 points or 0.13% to 25,179.35.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.09% and the S&P BSE Small-Cap index added 0.31%.

The market breadth was positive. On the BSE, 1,915 shares rose and 1,969 shares fell. A total of 208 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, ...