 "Markets pare gains as auto, metal, it shares weigh")
Markets have slipped int othe red in late morning deals with the Sensex declining 13 points at 19,669. Nifty is trading flat at 5951.
According to provisional data, Foreign institutional investors (FIIs) bought shares worth a net Rs 1283.58 crore on Friday.
"Major indicators signal downside limited at this point of time, with significant put writing on downside strikes of 5700 and 5800 signals markets downside is capped. Buying the index dips in range of 5920-5900 is making sense to us with upside open till 6100 levels looking," said Navneet Daga, Derivative Analyst, KR Choksey Securities.
Realty stocks edged lower on profit booking after recent gains. BSE realty index was up 0.3% at 2,082.
Pharma stocks rose on renewed buying, with Sun Pharmaceutical Industries and Wockhardt hitting record high. BSE healthcare index was the biggest gainer - up 0.4% at 8,095.
However, weakness was noticeable in metal and IT Shares - each of which were down nearly a half a per cent.
Index heavyweight Reliance Industries (RIL) was up 0.7% at Rs 857, with the stock extending Friday's gains triggered by the telecom department clearing a proposal to allow companies with Internet permits to also offer basic mobile telecom services by paying a one-time license-conversion fee.
Coal India was up 2% at Rs 326. The company, which may miss coal output target this fiscal, is pitching for doing away with the system of setting the annual production target for the PSU.
Sun Pharma, Mahindra & Mahindra and HDFC added 1-2% each. On the other hand, Hindalco and Sterlite from the metal space led the losers list - down 1.5% each.
TCS was down 1%, followed by auto names such as Hero MotoCorp and Bajaj Auto. According to reports, domestic passenger car sales declined by 25.71% to 1,58,513 units in February, the biggest fall in more than 12 years and the fourth consecutive monthly slide.
According to provisional data, Foreign institutional investors (FIIs) bought shares worth a net Rs 1283.58 crore on Friday.
"Major indicators signal downside limited at this point of time, with significant put writing on downside strikes of 5700 and 5800 signals markets downside is capped. Buying the index dips in range of 5920-5900 is making sense to us with upside open till 6100 levels looking," said Navneet Daga, Derivative Analyst, KR Choksey Securities.
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Meanwhile in Asia, most bourses edged lower. Nikkei however added 0.5% at 12,336 as investors reacted to U.S. and Chinese data, along with further weakness for the Japanese yen.
Realty stocks edged lower on profit booking after recent gains. BSE realty index was up 0.3% at 2,082.
Pharma stocks rose on renewed buying, with Sun Pharmaceutical Industries and Wockhardt hitting record high. BSE healthcare index was the biggest gainer - up 0.4% at 8,095.
However, weakness was noticeable in metal and IT Shares - each of which were down nearly a half a per cent.
Index heavyweight Reliance Industries (RIL) was up 0.7% at Rs 857, with the stock extending Friday's gains triggered by the telecom department clearing a proposal to allow companies with Internet permits to also offer basic mobile telecom services by paying a one-time license-conversion fee.
Coal India was up 2% at Rs 326. The company, which may miss coal output target this fiscal, is pitching for doing away with the system of setting the annual production target for the PSU.
Sun Pharma, Mahindra & Mahindra and HDFC added 1-2% each. On the other hand, Hindalco and Sterlite from the metal space led the losers list - down 1.5% each.
TCS was down 1%, followed by auto names such as Hero MotoCorp and Bajaj Auto. According to reports, domestic passenger car sales declined by 25.71% to 1,58,513 units in February, the biggest fall in more than 12 years and the fourth consecutive monthly slide.