The Nifty 50 ended the session with a gain of 0.91%, closing at 24,131, while the Sensex rallied by 0.96%, finishing at 79,802. Meanwhile, India's economic growth slowed to a near two-year low of 5.4 per cent in the July-September quarter.

Equity benchmark indices Sensex and Nifty rebounded on Friday, surging nearly 1 per cent each, amid buying in frontline stocks Bharti Airtel and Reliance Industries. The BSE benchmark Sensex jumped 759.05 points or 0.96 per cent to settle at 79,802.79. During the day, it soared 880.16 points or 1.11 per cent to 79,923.90.

While the weak GDP data is expected to dampen the market sentiment in the immediate term, experts said it could also have potential implications on monetary policy easing and broader investor confidence.