Markets are volatile in the noon deals of Friday with the BSE Sensex showing range-bound movement. It is trading at 13,865 levels, down 60 points. The broader markets index Nifty is up by 0.1 per cent to 4,164.

Earlier, Infosys posted a better-than-expected first quarter results, with net profit going up by 4.2 quarter to Rs 1,302 crore. But its stock slipped in the noon trade to Rs 1,769, down 2 per cent.

While buying is visible in realty, metal, healthcare counters, selling is evident in IT, banking and FMCG counters.

“In the short term, markets will continue in the sideway zone. The investors should bet on frontline stocks for the long-term to get decent returns. Realty and banking stocks could be accumulated on dips,” said Ashu Kakkar, Tech Analyst, Skypowerfinancialservices.com.

Among the BSE-30 scrips, Bharti Airtel, Hindalco and Ambuja Cements are the top gainers, while the IT stocks Satyam, Wipro and TCS lead the declines.

Other Asian markets are trading firm on Friday. Hong Kong’s Hang Seng and South Korea’s Kospi are in green turf, Japan’s Nikkei is in the red.