Indian stock markets recovered some earlier losses on Friday.

The 30-share index Sensex marked its closure after making small gains owing to subdued worldwide signals.

The bellwether index Sensex belled the day on a quite note accompanying pessimistic Asian peers and continued the dispirited session amid instability during the entire day.

During the second half, buying activity took the broad-based Nifty above 5,400 levels but failed to sustain the mark.

Finally, the index marked its closure positively after hitting an intraday high of 17,980.27 and an intraday low of 17,892.16.

Finally, the BSE Sensex ended the week at 17,955.82 after gaining 46.36 points, whereas the Nifty gained 15.15 points to end at 5,393.90.

The top gainers in the Sensex comprised TCS (+6.16%), Tata Motors (+2.65%), ICICI Bank (+2.32%), RCom (+1.93%), ONGC (+1.32%) and JP Asso (+1.28%).

In contrast, Mah & Mah (-2.06%), HDFC Bank (-1.24%), RIL (-0.93%), HDFC (-0.86%), JSPL (-0.80%), and Hindalco Ind (-0.53%) remained top losers in the 30-share index.

The overall market breadth remained optimistic with 1,635 advancements as compared to 1,337 declinations.

The BSE Mid and small caps gained 0.44% and 0.66% respectively.

Among sectoral indices, the IT index surged 99.07 points, the TECk index surged 52.17 points, the Bankex index grew by 91.66 points, while the Oil & Gas index remained down by 39.18 points.

On the other hand, European bourses posted gains for the first time in three sessions, with FTSE 100 Index rallying for a second straight week, as BP blockaded its Gulf of Mexico oil leak and Goldman Sachs Group settled with US watchdogs.

Asian scrips declined, wiping out gains for the week, after US manufacturing constricted, fueling worry an economic recovery may be faltering.

Technology scrips also dropped down after Google earnings missed analyst estimations