Mumbai, July 11 -- The headline equity indices traded with major losses in the afternoon trade. Pharma, FMCG shares advanced while IT, auto and media shares declined. The Nifty slipped below the 25,150 mark.

At 13:28 IST, the barometer index, the S&P BSE Sensex tanked 663.05 points or 0.80% to 83,516.15. The Nifty 50 index declined 199.85 points or 0.79% to 25,156.20.

In the broader market, the S&P BSE Mid-Cap index shed 0.75% and the S&P BSE Small-Cap index declined 0.55%.

The market breadth was negative. On the BSE, 1,437 shares rose and 2,397 shares fell. A total of 195 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 1.82% to 11.89.

Gainers & Losers:

Hindusta...