Mumbai, Aug. 7 -- The domestic equity barometers traded in a range-bound manner in afternoon trade. The Nifty traded tad above the 24,550 mark. Financials, chemicals and consumer durable stocks declined while auto, IT and healthcare shares advanced. Investors remained cautious as higher crude oil prices, lacklustre corporate earnings and mixed global cues weighed on investor sentiment.

At 13:20 IST, the S&P BSE Sensex tanked 482.60 points, or 0.61%, to 78,472.16. The Nifty 50 index lost 84.70 points, or 0.34%, to 24,551.30.

In the broader market, the BSE 150 MidCap Index shed 0.03%, while the BSE 250 SmallCap Index rose 0.06%.

The market breadth was almost even. On the BSE, 2,006 shares rose and 2,086 shares fell. A total of 218 shares...