9.21 AM: Sensex trades higher, Nifty around 11,600; ACC falls 3%

Benchmark indices opened higher on Wednesday with Nifty trading above 11,600 level.

At 09:17 hrs IST, the Sensex is up 131.49 points at 38696.37, while Nifty is up 36.20 points at 11612.20. About 470 shares have advanced, 179 shares declined, and 20 shares are unchanged.

Coromandel International, IOC, HPCL, BPCL, Indiabulls Housing, IndusInd Bank, Gail Zee Ent, HDFC, JSW Steel, RIL, Eicher Motors are among major gainers on the indices, while UltraTech Cement, ACC, ITC, Sun Pharma and Tata Global Beverage are trading lower .

On the sectoral front, bank, auto, energy, infra and IT are trading higher.

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