Mumbai, May 13 -- The key equity indices traded with major cuts in the afternoon trade, weighed down by profit booking and weakness in index heavyweights, despite easing U.S.-China tensions. The Nifty hovered below the 24,650 mark. Auto shares declined after advancing in the past trading session.

At 14:28 IST, the barometer index, the S&P BSE Sensex, declined 874.63 points or 1.50% to 81,193.30. The Nifty 50 index slipped 328.05 points or 1.29% to 24,604.95.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.18% and the S&P BSE Small-Cap index added 0.76%.

The market breadth was strong. On the BSE, 2,527 shares rose and 1,247 shares fell. A total of 164 shares were unchanged.

Buzzing Index:

The Ni...