Mumbai, Feb. 5 -- The headline equity benchmarks continued to trade sideways in the morning trade, following a rally in the previous trading day. The three-day RBI Monetary Policy Committee (MPC) meeting also begins today, with market participants anticipating a potential rate cut, which could influence investor sentiment. The Nifty traded above the 23,750 mark. FMCG shares extended losses for the three consecutive trading sessions.

At 10:30 ST, the barometer index, the S&P BSE Sensex, shed 49.73 points or 0.06% to 78,533.76. The Nifty 50 index rose 34.80 points or 0.15% to 23,774.05.

The broader market outperformed the headline indices. The S&P BSE Mid-Cap index rose 1.11% and the S&P BSE Small-Cap index added 1.41%.

The market breadt...