Friday Open: Nifty flat; Tata Mtrs up 2%, Shasun slips 12%

Moneycontrol Bureau

Investors woke up to a flat Friday morning mirroring the global mood, with indices seeing support from auto, banking and realty major DLF. The midcap space was trading sideways with stock specific action.

At 09.24 AM, the Sensex was up 29.36 points at 19609.68, and the Nifty moved ahead 6.80 points to touch 5945.60.

The day began with auto stocks ruling the show. With 1.9 percent upmove, Tata Motors was the biggest gainer. Mahindra & Mhindra, Bajaj Auto, Maruti Suzuki, and Hero MotoCorp were other Auto winners. Stocks like HDFc Bank, SBI, and Bank of Baroda alose moved up to trade with sub 1 percent gains.

NTPC moved up after successful completion of its OFS (offer for sale), which saw good response from FIIs. The government raised USD 2.15 billion from the NTPC share sale.

Shahsun was the biggest loser in the midcap space; it was trading with 12 percent cut. Investors dumped the stock after the company posted a steep dip in third quarter net profit (at Rs 2.89 crore from Rs 12.68 crore in the corresponding quarter last year). IndiaBulls was the other big loser, falling 4.7 percent. Jubilant Foodworks fell 2 percent on profit-booking.