Sensex, Nifty move in tight band amid lackluster trades

The market continues to move sideways with investors not showing any big interest in picking up stocks in the short trading session convened by the exchanges to test the upgraded F&O trading system software.

PSU, realty, capital goods and power stocks are attracting some buyers. A few stocks from consumer durables and healthcare sectors too are edging up a bit. Oil, metal, automobile, bank and FMCG stocks are mostly trading flat. Not much activity is taking place in the IT space as well.

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The Sensex is down 10.89 points or 0.07% at 15,856.84, nearly 50 points off the day's high. The Nifty is down 6 points or 0.13% at 4748.10, more than 25 points off an early high of 4745.80.

DLF is trading firm with a gain of 1.2%. BHEL, Larsen & Toubro, Wipro, Sun Pharmaceuticals, Bharti Airtel and Infosys are up with modest gains.

Among the losers in the Sensex, Jaiprakash Associates is down nearly 2% following a fine imposed by the market regulator on some of the promoters of the company for insider trading.

ICICI Bank, Sterlite Industries, Hindalco, Bajaj Auto, Cipla and Reliance Industries are down 0.2% - 0.7%.

Rashtriya Chemicals & Fertilizers has vaulted to Rs 63.80, gaining over 13% in the process. MMTC has surged nearly 6.5%. Pantaloon Retail, Wockhardt, Hindustan Copper, Chambal Fertilizers, Engineers India, Jet Air India, Jain Irrigation Systems and Coromandel International are up 2.5% - 5.5% now.

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Shree Cement, Motherson Sumi, Torrent Pharma, United Breweries, Crisil, Ambuja Cements, Idea Cellular, ACC and Bank of Baroda are trading notably lower.