Sensex rebounds, up 19pts; ICICI surges 3%

The Sensex has rebounded into the positive zone and is now up 19 points at 14,535.

ICICI Bank has rallied 2.8% to Rs 973. Reliance Energy has surged 2.4% to Rs 562.

Grasim, NTPC and Gujarat Ambuja are up over 1% each at Rs 2,825,  Rs 143 and Rs 145, respectively.

Reliance Communications has shed 4% to Rs 495. HDFC has slipped over 1% to Rs 1,795.

Out of 2,454 stocks traded so far, 1,489 have moved up, 901 have slipped and 64 are unchanged.