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Domestic stock markets recovered early losses to clock mild gains on Friday morning amid weakness in Asian peers on global growth concerns. 

Domestic stock markets recovered early losses to clock mild gains on Friday morning amid weakness in Asian peers on global growth concerns. 

The S&P BSE Sensex index declined as much as 174.95 points from the previous close to touch 38,814.79 on the downside, before spurting 292.58 points from that level to touch 39,107.37 on the upside.

Gains in financial and consumer goods stocks outweighed losses in automobile and metal shares.

The broader NSE Nifty benchmark climbed to as much as 11,593.60 within the first hour of trade amid high volatility, after hitting 11,516.80 at the day's lowest level.