Indices hit fresh highs on Friday early on, however dropped gains in the afternoon. At around noon time, Sensex was trading at 59,190.90 up 49.74 points or 0.08% and Nifty50 at 17,623.95 down 5.55 points or 0.03%.
Nifty IT was trading at 35,880.20 up 27.80 points or 0.08%, touching a high of 36,131.25 and low of 35,801.30 during intraday trade on Friday.
LTI advanced 1.4% at Rs5,750.15 per piece to hold the sector. Infosys, Mindtree and Wipro also traded higher. HCL Tech and TCS were trading flat.
Oracle dragged 1.6% at Rs4,730.90 per piece. Coforge, Tech Mahindra and Mphasis were also trading in the red.