Mumbai, Feb. 6 -- The domestic equity benchmarks traded sideways in the mid- afternoon trade. The Nifty traded below the 25,600 level. FMCG shares advanced after declining for previous trading session.

At 14:28 IST, the barometer index, the S&P BSE Sensex, rose 78.21 points or 0.09% to 83,392.14. The Nifty 50 index fell 32.35 points or 0.12% to 25,610.40.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 0.57% and the BSE 250 SmallCap Index tanked 0.63%.

The market breadth was weak. On the BSE, 1,680 shares rose and 2,395 shares fell. A total of 196 shares were unchanged.

RBI MPC:

The Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) held its first monetary policy review of the cale...