The frontline indices traded in a narrow range with limited losses in afternoon trade. The Nifty hovered below the 21,900 level. PSU bank, realty and metal shares advanced while IT, private bank and auto stocks declined.

At 13:30 IST, the barometer index, the S&P BSE Sensex, was down 167.92 points or 0.23% to 72,018.17. The Nifty 50 index lost 39.80 points or 0.18% to 21,889.60.

The broader market outperformed the headline indices. The S&P BSE Mid-Cap added rose 0.63% and the S&P BSE Small-Cap added 0.46%.

The market breadth was positive. On the BSE, 2,229 shares rose and 1,589 shares fell. A total of 102 shares were unchanged.

Gainers & Losers:

State Bank of India (up 3.51%), JSW Steel (up 2.31%), Britannia Industries (up 2.19%), HDFC Life Insurance Company (up...

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  (01-Jan-16 08:45)

  Market may edge higher in early trade
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  (01-Jan-16 08:55)

  Metal stocks may slide on weak Chinese data
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  (01-Jan-16 09:34)

  Market drops in early trade
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  (01-Jan-16 10:17)

  Strong market breadth