The domestic indices trimmed losses in afternoon trade. A spike in domestic coronavirus cases and localized lockdown being announced by various state governments dented investors sentiment. The Nifty index re-claimed 14,300 level. At 13:20 IST, the barometer index, the S&P BSE Sensex, dropped 957.14 points or 1.96% at 47,874.89. The Nifty 50 index tumbled 285.85 points or 1.96% at 14,332. Housing Development Finance Corporation (HDFC) (down 3.32%) and ICICI Bank (down 3.26%) were major drags. In the broader market, the S&P BSE Mid-Cap index lost 2.07%. The S&P BSE Small-Cap index declined 1.71%. Sellers outnumbered buyers. On the BSE, 647 shares rose and 2,217 shares fell. A total of 182 shares were unchanged.