FTSE 100 .FTSE index was down 0.1 percent at 7,334.50 points by 1007 GMT, slightly outperforming a broader decline among European indexes.
SBI said it plans to dilute 10 per cent of its stake in the life insurance venture SBI Life through public offer.
The Nasdaq Composite .IXIC was up 25.99 points, or 0.45 percent, at 5,843.68.
U.S. stock index futures edged higher, helped by higher oil prices, and ahead of a closely watched vote on a healthcare bill.
Sensex rose to intra-day high of 29,539.85 before closing at 29,421.40, showing gains of 89.24 points, or 0.30 per cent over last close.
The MSCI world equity index, which tracks shares in 46 countries, was flat at 447.61.
Healthy buying in banking stocks pushed the Indian equity markets higher.
The Indian equity marketstraded with gains for the second consecutive session on the back of broadly positive Asian indices, foreign funds' inflows and healthy buying.
Key Indian equity market indices opened in the green on Friday following mixed global cues.