Mumbai, May 16 -- The key equity indices witnessed minor losses in afternoon trade, amid limited profit booking, following a sharp rally in the previous session. Investors are awaiting Q4 earnings reports from various companies. The Nifty traded a tad below the 25,000 level. Metal shares declined after rising for two straight sessions.

At 14:30 IST, the barometer index, the S&P BSE Sensex, declined 215.55 points or 0.26% to 82,315.19. The Nifty 50 index fell 66.80 points or 0.26% to 24,997.40.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.76% and the S&P BSE Small-Cap index added 1.09%.

The market breadth was strong. On the BSE, 2,508 shares rose and 1,405 shares fell. A total of 164 shares wer...