Reuters Market Eye - The BSE Sensex is trading 0.01 percent higher while the broader Nifty is up 0.02 percent.
Investors cautious and reluctant to take big bets on concerns over violence in Iraq, which sent crude prices to higher levels.
Brent crude held near $115 a barrel on Friday, close to a nine-month high and headed for its second weekly gain on increased risks of supply disruptions from Iraq.
Stocks of oil companies such as Oil and Natural Gas Corp up on value-buying. ONGC fell more than 5 percent in the previous session.
Overseas investors, who have been the backbone of a 21 percent rise in the broader Nifty so far this year, turned net sellers on Thursday. FIIs sold Indian shares worth 4.21 billion rupees on Thursday, provisional exchange data showed.
(Reporting by Indulal PM)
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