Indian equity markets had a rangebound session but managed to register gains for the week.

The S&P BSE Sensex ended little changed at 38,040 while the NSE Nifty 50 index ended 0.1% higher at 11,214.

Asian Paints emerged as the top gainer on the Nifty 50 index, ending with gains of 4.6% while Titan was the top Nifty laggard, ending 2.5% lower.

Among the sectoral indices, the PSU Bank index was the top performer in the session, ending with gains of 1%. Nifty FMCG and Nifty Auto gained over 0.5%. Metal index had yet another day of gains, ending higher for the sixth straight session with gains of 0.8%.

Broader markets outperformed for the day and for the week as well. The midcap index ended 1.2% higher today while the smallcap index gained 1.2%. Both indices were up over 4% for the week.

The India Volatility Index ended 3.3% lower at 22.37.

Market breadth ended in favour of the gainers. 1,165 stocks on the NSE traded with gains while 649 stocks declined.

Both benchmark indices registered gains of over 1% for the week.