Indian stock markets closed trade in the positive terrain on Friday, with a key index surging 150 points, as against its last closure.

The 30-share index Sensex of the Bombay Stock Exchange (BSE), which belled the day at 13,663.54 points, closed at 13,887.15 points, up 150.61 points (1.1%) above Thursday's close.

The S&P CNX Nifty of the National Stock Exchange (NSE) also closed in green at 4,233.15 after gaining 0.53 per cent.

Broader market indices also closed higher, with the BSE midcap index ending trade 1.75 per cent up, and the BSE smallcap index gaining 3.19 per cent.

Going against its overseas peers, the Indian stock markets closed the week on a negative note on Friday after profit booking emerged prior to the election results.

The week, which commenced with an amazing 17.3% gain for the BSE sensex, closed on a surprising note with the weekly addition at more than 14%, the greatest for the index during the past 17 years.

The weekly gains also lengthened the sensex's run to its 11th successive weekly gain, its highest run in 4 years. The day's gains also upturned a two-session falling streak for sensex.

According to reports, a host of factors would settle on the market's direction during the coming week.

Other than further clarity on the administration's financial plans, ending of existing month's derivatives contracts would also settle market trend. Moreover, worldwide signals will also impact the movement on Dalal Street.

The next major Resistance level of sensex is 14137.