Buy or sell stocks, Jan. 27 -- The Indian stock markets slipped into the red zone as investors booked profits in the second half of Friday's market session, wiping off the initial gains. The Nifty 50 index closed 0.49 per cent lower at 23,092.20 points, compared to 23,205.35 points at the previous market close.

The BSE Sensex closed 0.43 per cent lower at 76,190.46 points after Friday's market session, compared to 76,520.38 points in the previous stock market session.

Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, said the Nifty 50 again failed to move past the 23,350 zone and succumbed to profit booking to end near the 23,100 level. The index's bias and sentiment is maintained with a very cautious approac...