Market may move sideways

However, the bias remains positive as the FII and MFs continue to remain net buyers in the last couple of days. On the downside, the Nifty has likely supports at 4045 while the Sensex could witness support at 14040 and resistance at 14200.

US indices finished in the red on Wednesday, with the Dow Jones losing five points to close at 12577 while the Nasdaq slipping by 18 points at 2479 respectively.

Indian floats fared better on the US bourses. MTNL moved up 3.27%, Wipro advanced 3.86% and Satyam gained 2.91% while Dr Reddy's Lab, ICICI Bank and Rediff gained over 1% each. Among the losers HDFC Bank and VSNL were down over 1% each.