Indian equity markets ended off the highest point of the day but managed to eke out a weekly advance, aided by positive global cues.

The S&P BSE Sensex ended 0.56% higher at 38,434 while the NSE Nifty 50 index ended at 11,376; up 0.57%. Both the indices ended higher in four out of the five trading sessions this week.

Among the sectoral indices, the Nifty Bank ended with gains of 1.4% while the index housing its state-run counterparts ended 1.8% higher.

Nifty Media was the top sectoral laggard, ending 1.4% lower while Nifty I.T. and Nifty Metal were the other sectoral laggard, declining 0.3% and 0.6% respectively.

Nifty Pharma, Nifty Realty and Nifty FMCG also posted gains in today's session.

The smallcaps outperformed in today's session with the index ending 1% higher. The midcap index was in-line with the benchmarks, ending 0.5% higher.

The India Volatility Index ended below the mark of 20, declining 4.45% to 19.7.

Market breadth remained in favour of the gainers. 1,191 stocks on the NSE ended with gains while 635 stocks posted losses.