Mumbai, Feb. 6 -- The domestic equity benchmarks traded with modest cuts in the afternoon trade. The Nifty traded below the 25,650 mark. IT, PSU bank and auto shares declined, while FMCG, private bank and consumer durables shares advanced.

At 1:30 ST, the barometer index, the S&P BSE Sensex, slipped 123.46 points or 0.15% to 83,190.47. The Nifty 50 index fell 67.95 points or 0.27% to 25,568.60.

The broader market underperformed the frontline indices. The S&P BSE 150 MidCap Index fell 0.78% and the S&P BSE 250 SmallCap Index tanked 0.85%.

The market breadth was weak. On the BSE, 1,603 shares rose and 2,430 shares fell. A total of 168 shares were unchanged.

RBI MPC:

The Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) he...