Indian shares edged up on Friday, led by advances in banks and metal companies, while a fall in the information technology stocks after bellwether Accenture forecast downbeat year limited gains.
The NSE Nifty 50 index and the S&P BSE Sensex added 0.3% each to 19,591 and 65,680 points, respectively as of 10:49 a.m. IST.
The benchmarks are on track to log about 2% gains for the quarter, if the trend holds, against an over 10% surge seen in the previous quarter.
"The bounce back seen in the last 30 minutes in the previous session has encouraged bargain buying in the morning ... But, don't see any directional moves as we are moving into the extended week-end with U.S. government shutdown related worries," said Anand James, chief market strategist at Geojit Financial.
"Don't think traders have the risk appetite to take prices on a long stretch on the either side," James said.
Heavyweight IT stocks were the top drag on markets, falling 1%, with Infosys sliding 1.3% after Accenture forecast full-year earnings and first-quarter revenue below Wall Street estimates.
Accenture's performance and outlook would add to concerns over the near-term demand environment, implying weakness for Indian IT companies, Motilal Oswal analysts said in a note.
The IT index has lost over 5% in the last two weeks.
Other high weightage sectors banks and financial stocks added 0.6% each, while metals gained 0.9%. Meanwhile, pharma advanced 2.9%.
Among individual stocks, Multi Commodity Exchange of India (MCX) fell 8.1% after the country's markets regulator asked it to put on hold the proposed go-live of its new commodity derivatives platform.
Navin Fluorine slumped 13.6% after its managing director resigned.
Indian markets will be closed on Monday for a public holiday. (Reporting by Sethuraman NR in Bengaluru;Editing by Dhanya Ann Thoppil)