Sensex down 10pts; Rel Comm drops 4%

The Sensex is now down 10 points at 14,506.

Reliance Communications has plunged over 4% to Rs 494.

Grasim has surged 1.8% to Rs 2,840. ICICI Bank and NTPC are the other prominent gainers.

The market breadth is positive - out of 2,065 stocks traded so far, 1,391 have advanced, 629 have declined and the rest are unchanged.