Market moves sideways

The Sensex seems to lack momentum as it is more or less trading in its early morning range - between the day's opening high and the low so far. The index is now up 41 points at 18,122, and the Nifty is up 11 points at 5,442.

As a knee jerk reaction to the notices issued by SEBI to the ADAG group - Reliance Natural Resources and Reliance Infrastructure. Both these stocks are trading on a weak note.

Reliance Natural Resources is down 1% at Rs 40.30, while  Reliance Infrastructure is down 0.8% at Rs 1,107.

Bankex once again makes a return to top the BSE Sectoral Indices followed by Realty. However, Auto, Teck, Capital Goods and FMCG indexes are in red.

ICICI Bank continues with its good-run and is up another 2% today. It is followed by Jaiprakash Associates up 1.4%, Hero Honda and DLF up 1.3%.
 
On the losers list - Relaince Communications and ITC are down 1% each among the Sensex stocks followed by Relaince Infrastructure, ACC and Infosys.

The market breadth remains positive with 1,645 stocks advancing as against 1004 declines on the BSE.