The rally has gathered more steam in mid-noon trades as relentless buying in most of the counters lifted the index to a new all-time peak of 7,394. The Sensex, in current trades, is up 84 points to 7,388, while the Nifty has moved up 27 points to 2,257.Reliance has edged higher by 1.51% (Rs 10) to Rs 689. While ONGC has moved up 1.83% (Rs 17) to Rs 935, ITC is up a per cent (Rs 17) at Rs 1,651.ICICI Bank has scaled up 3% (Rs 13) to Rs 451, and SBI is up 1.29% (Rs 9) at Rs 718.Satyam has jumped 2% (Rs 10) to Rs 522, and Infosys is still unchanged with a per cent gain (Rs 14) at Rs 2,224.BHEL (up Rs 43 or 4.62% to Rs 984), Bharti (up Rs 9 or 3.71% to Rs 263) and L&T (up Rs 13 to Rs 1,261) have notched up significant gains.Hero Honda is up a per cent (Rs 7) at Rs 613, and Tata Motors has gained 1.87% (Rs 9) to Rs 470.