Mumbai, Feb. 5 -- The key equity benchmarks traded with modest cuts in the afternoon trade. The Nifty traded below the 25,650 mark. Metal, realty and consumer durables shares declined, while media, PSU bank and pharma shares advanced.

At 1:30 ST, the barometer index, the S&P BSE Sensex, slipped 460.46 points or 0.55% to 83,357.23. The Nifty 50 index fell 146.15 points or 0.57% to 25,629.55.

In the broader market, the S&P BSE 150 MidCap Index fell 0.52% and the S&P BSE 250 SmallCap Index tanked 0.85%.

The market breadth was negative. On the BSE, 1,584 shares rose and 2,395 shares fell. A total of 191 shares were unchanged.

RBI MPC:

The Reserve Bank's rate-setting panel has started its three-day meeting for the next bi-monthly monetary...