Mumbai, Oct. 30 -- The headline equity benchmarks traded with major cuts in mid-afternoon trade. The Nifty traded below the 25,900 level. IT shares declined after gaining in the previous trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, tumbled 507.18 points or 0.60% to 84,489.95. The Nifty 50 index fell 153.40 points or 0.53% to 25,897.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index declined 0.15% and the S&P BSE Small-Cap index shed 0.21%.

The market breadth was negative. On the BSE, 1,734 shares rose and 2,337 shares fell. A total of 179 shares were unchanged.

Buzzing Index:

The Nifty IT index fell 0.63% to 35,861.55. The index rose 0.64% in the past trading session.

Infosys...