Indian equity indices opened flat on Friday following mixed cues from global markets. At 9.43 a.m., Sensex was down 129 points or 0.16 per cent at 80,923 and Nifty was down 21 points or 0.09 per cent at 24,789.
Broader market trends remained positive. In the National Stock Exchange (NSE), 1,122 shares were in the green and 1,083 shares in the red.
In the Sensex pack, Tata Motors (NS), Reliance (NS), Sun Pharma (NS), M&M (NS), Bajaj Finserv (NS), ICICI Bank (NS), ICICI Bank, and HUL were top gainers. Titan (NS), Infosys (NS), Wipro (NS), Tata Steel (NS), Ultratech Cement (NS), ITC, Asian paints, NTPC (NS), Bajaj Finance (NS) and SBI (NS) were top losers.
Choice Broking analyst said, "After a flat opening, Nifty can find support at 24,700 followed by 24,650 and 24,550. On the higher side, 24,900 can be an immediate resistance, followed by 24,950 and 25,000."
Selling was seen in the midcap and smallcap stocks. Nifty midcap 100 index was down 149 points or 0.25 per cent at 58,700 and Nifty smallcap 100 index was down 38 points or 0.20 per cent at 19,062.
Among the sectoral indices, Auto, PSU Bank, pharma, realty and energy were major gainers while Media and IT major laggards.
Most of the major markets in Asia were trading at a brisk pace. Markets in Tokyo, Shanghai, Bangkok and Jakarta were in the green. There is a decline in Seoul and Hong Kong. US markets closed with a decline on Thursday.
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