Indian stock markets on Friday closed the week with small gains while lesser valued stocks outshone the larger stocks.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed at 17,694.2 after gaining 103.02 points.

In contrast, the broad based Nifty also recorded gains to close the week at 5,304.1, up 41.5 points.

Mid-size and small stocks also remained up with the BSE midcap index ending after adding 1.55% and the smallcap index remained up by 2.03%.

The top gainers in the Sensex pack were SBI, Tata Motors, ICICI Bank, HUL and Rel Power.

Among top losers were Tata Steel, TCS, Wipro, ACC and Hero Honda.

The week saw interest rate-sensitive stocks from real estate and banking space gain after RBI on Tuesday increased the repurchase (repo) rate, the reverse repo rate and CRR by 25 basis points each.

The majority of analysts projected a 50 basis point increase in the twelve-monthly policy report for the existing fiscal.

According to the BSE, the zones, which pulled interest, were banking (up 5%), metals (up 3.1%) and realty (up 1.4%).

Other important Asian markets marked their closures in red.

The Japanese Nikkei lost 1.7% during the week and the Hang Seng of the Hong Kong Stock Exchange closed in the negative at 21,244.49.

In the US, the Wall Street experienced a good week. Benchmark indices like the Dow Jones industrial average surged 1.68% at 11,204.28, the Nasdaq increased by 1.97% at 2,530.15, and the Standard and Poor's 500 climbed 2.11% at 1,217.28.

Analysts anticipate gains in the US to provide some impetus to world markets by the coming week. (With Inputs from Agencies)