Indian shares closed higher on Friday, helped by a recovery in financials such as Housing Development Finance Corp Ltd, while stronger Asian equities after soft US inflation data soothed worries of faster rate hikes by the Federal Reserve also boosted sentiment. The benchmark BSE index closed up 0.82 percent at 35,535.79, while the broader NSE index ended 0.84 percent higher at 10,806.5.
Both the indexes closed at their highest level since February 1 and recorded their biggest weekly gain in five.
Among top gainers, Asian Paints closed 5.65 percent higher, while HDFC ended up 1.35 percent.
Back home, Asian Paints Ltd hit a record high on strong March-quarter results and was among the top contributors to index gains. Stock was the top gainer of the broader NSE index.
Private banks recovered from Thursday's losses and were on track to post a third straight week of gains. ICICI Bank Ltd, up as much as 1.5 percent, was among the top gainers.
Shares of Mphasis Ltd hit a record high after the company on Thursday posted a 29 percent rise in March-quarter profit. Among losers, Bharti Airtel Ltd and Idea Cellular Ltd lost more than 5 percent each.
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