Mumbai, Nov. 4 -- The headline equity benchmarks traded with minor losses in early afternoon trade. The Nifty traded below 25,700 level. Metal shares declined after advancing in past trading session.

In the barometer index, the S&P BSE Sensex, declined 265.52 points or 0.32% to 83,712.97. The Nifty 50 index fell 91.05 points or 0.35% to 25,672.30.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.16%, while the S&P BSE Small-Cap index fell 0.40%.

The market breadth was positive. On the BSE, 1,626 shares rose and 2,301 shares fell. A total of 210 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.29% to 12.70. The ...