Mumbai, Jan. 8 -- The domestic equity indices traded with significant losses in the early afternoon trade as concerns over U.S. tariffs and continued foreign fund outflows overshadowed pockets of optimism around earnings growth.

The Nifty traded below 25,950 mark. PSU Bank shares extended losses for the second consecutive trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex, tanked 597.72 points or 0.70% to 84,363.42. The Nifty 50 index declined 208.95 points or 0.81% to 25,928.70.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.37% and the S&P BSE Small-Cap index declined 1.43%.

The market breadth was weak. On the BSE, 1,090 shares rose and 2,859 shares fell. A total of 207 ...