Indian benchmark indices remained flat towards the closing on Friday due to profit-taking by funds and retail investors amid firm global cues. At 2.39 p.m., the Sensex was trading up 19.21 points or 0.07% at 27,131.42 with 16 components gaining. Meanwhile, the Nifty was trading higher by 2.50 points or 0.03% at 8,117.25 with 28 components gaining.

IT stocks gained the most with a rise of 1.97%. On the other hand capital goods, FMCG and Auto stocks witnessed a fall of 1.54%, 0.82% and 0.39% respectively. TCS, Cipla, Hindalco and Wipro were major gainers in the Sensex pack. On the other hand, L&T, HUL, Hero Motocorp and SBI were top losers in the benchmark index.

The BSE Mid and small caps outperformed their larger counterparts gaining 0.25% and 0.70% respectively. Overall market breadth was positive with 1,509 advances against 1,495 declines.

Shares of GTL Infrastructure, Biocon and Cipla are active in the day's trade. GTL Infrastructure registered a sharp rise in share prices of 4.98% today after signing master services agreement (MSA) with Reliance Jio Infocomm (Reliance Jio).

Cipla registered a rise in share prices by 2.18% after the company has signed an agreement with Salix Pharmaceuticals, a US-based speciality pharmaceutical company.

Biocon registered a rise in share prices of 1.85% today after Silver Leaf Oak, an investment vehicle advised by India Value Fund Advisor, has agreed to acquire a minority 10% stake in the company's research services subsidiary Syngene International.