Indian bourses made some recovery on Friday snapping previous losses.

Better-than-anticipated October industrial production along with short-covering helped stock markets on the last trading day of the week.

Broader stock markets also outperformed on Friday. Consumer durables segment were in the public interest accompanied by scrips of bank and oil & gas.

The markets belled the day on a negative note following feeble worldwide markets but shortly climbed into the positive on the back of buying activity.

The smart recovery was owing to short covering that took place after the better Industrial output data. Lastly, the bourses ended the day on a strong note.

Punjab and Sind Bank's IPO will open for subscription on December 13 and the banking institution has adjusted a price band of Rs 113 to Rs 120.

Sugar scrips gained on reports the administration may slap tax on sugar imports from January 2011 after brushing up output estimations for the new sugar period, which start in October this year.

The industrial output in October surged 10.8% owing to strong performance of segments like automobile, electronic goods and power.

Finally, the 30-share index, BSE Sensex grew by 266.53 points to trade at 19,508.89, while the broad based Nifty added 90.85 points at 5,857.35.

Mr. Amar Ambani, IIFL (India Infoline Group), said, ``The rebound was not restricted to the Large Cap stocks alone. The Small Cap and Mid Cap counters actually out-performed the frontline peers, as investors reckoned that the recent selloff in some of these scrips was over done. Market sentiment received a big boost after October`s IIP data came in much above consensus estimates. What might also have helped the Indian market was the fact that Chinese stocks rallied today after the recent reversals despite growing fears of further monetary tightening.``

The BSE Mid and small cap indexes gained 2.02% and 2.36% respectively.

The top gainers in the Sensex pack comprised ICICI Bank, JP Associates, RIL, Wipro, RComm and NTPC.

The losers list comprised Bajaj Auto, Bharti Airtel, Tata Motors, HDFC Bank, Cipla and HDFC.