Sensex up 25 pts in early trades

The Sensex has commenced with steady gains at 7,349 over its last close. Steady buying support in select old and new economy stocks saw the index jump to a new high of 7,386.

The Sensex is now up 25 points at 7,372, while the Nifty has added nine points to 2,243.

Reliance has clocked a per cent gain (Rs 6) to Rs 667, and Reliance Energy has gained 2.17% (Rs 14) to Rs 671. ITC is up half-a-percent at Rs 1,745, while ONGC is up Rs 4 at Rs 921.

HDFC Bank, after a lacklustre performance yesterday, has opened 1.20% higher (Rs 7) at Rs 635. While SBI is up a per cent (Rs 6) at Rs 722, ICICI Bank is marginally up at Rs 160.

TCS, Wipro and Satyam are up a per cent each at Rs 1,332 (up Rs 11), Rs 714 (up Rs 4) and Rs 499 (up Rs 3), respectively. Infosys has resumed with steady gains at Rs 2,276.

Bajaj is up a per cent (Rs 9) at Rs 1,430. Other auto pivotals are up with steady gains.