Sensex up 75pts; ITC moves up 3.5%

The Sensex has moved up 75 points to 7,975.

ITC is up 3.6% (Rs 62) at Rs 1,796. While SBI is still up Rs 9 at Rs 815, ONGC has advanced Rs 11 to Rs 989. Reliance is now up Rs 6 at Rs 737.

Hindalco is still up 4% (Rs 6) at Rs 149.

Gujarat Ambuja is steady at Rs 72 - up 4%. ACC and Grasim are also trading with gains.

Cipla has moved up 2.5% (Rs 9) to Rs 356. Ranbaxy and Dr. Reddy's are at higher levels.