Sensex surge past 7,150-mark

The market is under the grip of a strong bull run in mid-morning trades as heavyweights, tech, banking, auto and other old economy counters have lapped up significant gains on the back of strong buying support.

While the Sensex is now up 73 points at 7,149, the Nifty has moved up 22 points to 2,192.

ONGC has gained 1.70% (Rs 16) to Rs 961, and ITC is up a per cent (Rs 13) at Rs 1,559. Reliance Industries is up a rupee at Rs 647.

TCS has gained 1.47% (Rs 19) to Rs 1,323. Infosys (up Rs 14 to Rs 2,406) and Satyam (up Rs 5 to Rs 512) have rebounded from lower levels. Wipro is still up a per cent (Rs 4) at Rs 761.

SBI has moved up 1.19% (Rs 8) to Rs 673, while ICICI Bank is still up a per cent (Rs 4) at Rs 423. HDFC Bank, however, is marginally down at Rs 600.

Bajaj has shot up 2.15% (Rs 27) to Rs 1,275. Maruti at Rs 463 (up Rs 9 or 2%), Hero Honda at Rs 559 (up Rs 9 or 1.56%) and Tata Motors at Rs 426 (up Rs 8 or 1.85%) have extended their gains on further buying support.

HDFC has surged 3.41% (Rs 29) to Rs 872, while L&T has jumped 2.58% (Rs 28) to Rs 1,129.

Dr. Reddy's and Cipla have made further headways to Rs 730 and Rs 310, respectively.