(Updated at 14:47 hrs)Sensex which gained 0.8% each.
India's July-September GDP growth expanded at its three-year low of 5.3% compared to analysts estimate of 5.3-5.4% year-on-year and from 5.5% in the previous quarter.
In other markets, Asian shares hit a nine-month peak on Friday, as firmer overnight global equities created an upbeat tone, but flows were largely driven by month- and year-end position-squaring, with investors taking profits on the rises and buying on dips.
The Nikkei average hit a seven-month closing high on Friday as a weaker yen, driven by persistent expectations the Bank of Japan will act more boldly under a likely new government after a December 16 election, lifted the shares of exporters. The Nikkei ended 0.5% higher to 9,446.01 on Friday after trading as high as 9,492.91, or 1% up, earlier in the session. The other major gainers were Straits Times, Taiwan Weighted and Shanghai Composite which added 0.8-1%.
European stocks dipped on Friday, relinquishing some of the previous session's sharp gains, as mixed signals about U.S. budget talks injected a note of caution into markets. FTSE remained flat with a negative bias while CAC and DAX added 0.1% each.
Among sectoral indices, Power, Metal, Oil & Gas, PSU, Bankex, Consumer Durables and Capital Goods indices advanced 1% each.
The top gainers among the Sensex-30 were BHEL, ONGC, Jindal Steel, Sterlite, Bharti Airtel, Tata Steel, HDFC, Hindalco, and SBI up 2-4%
Among the losers were Coal India, Bajaj Auto, HUL and Maruti Suzuki down 0.5-1%.
The market breadth was positive. 1661 stocks advanced while 1223 stocks declined on the BSE.