9.25 AM: Nifty above 11,950, Sensex gains 100 points; Indiabulls Housing up 4%

Market opens: It is a flat start for the Indian indices on July 4 ahead of Union Budget scheduled on July 5.

At 09:17 hrs IST, the Sensex is up 66.64 points at 39905.89, while Nifty is up 22.50 points at 11939.30. About 440 shares have advanced, 245 shares declined, and 29 shares are unchanged.

Infosys, TCS, Tech Mahindra, Allahabad Bank, ONGC, Indiabulls Housing, UPL, Eicher Motors, Yes Bank, Axis Bank, Dr Reddy’s Lab, Tata Motors and Hero Motocorp are among major gainers on the indices, while losers are Tata Steel, JSW Steel, Hindalco, Titan and Wipro.

Among the sectors, PSU bank led the gainers followed by IT, pharma and auto, while selling seen in the metal index.

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