Mumbai, June 25 : Benchmark indices for Indian equities markets put in a spirited showing in the latter half of the week to erase losses incurred since last week, but broader indices ended in the red despite some gains in the last few trading day.

Gains were seen Friday as traders took hope from a slump in crude oil prices globally.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed Friday at 18,240.68 points, up 2.07 percent or 370.15 points, compared to its previous weekly close of 17,870.53 points.

At the National Stock Exchange, the 50-scrip S&P CNX Nifty too closed in the green at 5,516.75 points, up 1.95 percent or 104.85 points compared to the previous Friday close of 5,476.1 points.

"A last day rally helped the Sensex outperform the global indices. The rally was mainly in response to the fall in crude prices by almost 4 percent. Short covering also contributed. If crude prices continue to soften in the next few days, then market may add to its gains,"said Sanjeev Zarbade, vice president, private client group research, Kotak Securities.

Crude oil price fell from $94.7 a barrel to $89.69 a barrel.

Broader market indices, however, ended in the losses with the BSE midcap index shedding 2.1 percent and the BSE smallcap index falling 3.08 percent.

According to data available with the Securities and Exchange Board of India, foreign institutional investors bought stocks worth $250.7 million during the week.

On a weekly basis, among the top gainers on the 30-scrip Sensex were: Hero Honda, up 7.6 percent at Rs. 1,886.15; Bharti Airtel, up 6.1 percent at Rs. 391.35; Tata Power, up 4.3 percent at Rs. 1,276.40 and SBI, up 3.2 percent at Rs. 2,288.15.

Major Sensex losers included: Maruti Suzuki, down 8.7 percent at Rs. 1,121.25; Reliance Infra, down 7.6 percent at Rs. 530.45; Jaiprakash Associates, down 4.5 percent at Rs. 79.25 and DLF, down 3.9 percent at Rs. 216.50.

The coming week, may however seen gains tempered at Indian bourses after the government increased prices of diesel and cooking gas in a late Friday evening meeting.

Diesel prices were hiked by Rs. 3 per litre while cooking gas will now be costlier by Rs. 50 a cylinder. This is expected to add to the already high inflation.

Asian stocks also rose on a weekly basis.

The Japanese Nikkei average ended the week 3.5 percent higher at 9,678.71 points, while the Hang Seng of the Hong Kong stock exchange closed 2.2 percent higher at 22,171.95 points.

The Shanghai composite index of the Chinese stock exchanges rose 3.91 percent at 2,746.21 points.

The European stock markets closed in the red, and for which some indices was its longest losing streak since almost 13 years.

The German DAX closed 0.6 percent lower at 7,121.38 points while the French CAC 40 ended 1.02 percent lower at 3,784.8 points. Britain's FTSE too moved down 0.3 percent at 5,697.72 points.

US markets majorly closed in the red, though technology stocks saw some gains.

Wall Street closed the week on a weak note with the Dow Jones Industrial Average ending 0.58 percent lower at 11,934.58 points, while the S&P 500 moved down 0.24 percent at 1,268.45 points.

The technology-heavy Nasdaq, however, moved up 1.39 percent at 2,652.89 points.(IANS)