Mumbai, Jan. 5 -- The domestic equity indices traded sideways in the afternoon trade. The Nifty traded above the 26,300 level. IT shares declined after advancing in the past two consecutive trading sessions.

At 12:30 ST, the barometer index, the S&P BSE Sensex, declined 25.09 points or 0.03% to 85,736.92. The Nifty 50 index rose 8.70 points or 0.03% to 26,337.25.

In the broader market, the S&P BSE Mid-Cap index rose 0.28% and the S&P BSE Small-Cap index added 0.22%.

The market breadth was negative. On the BSE, 1,801 shares rose and 2,270 shares fell. A total of 220 shares were unchanged.

Economy:

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