Sensex gains more than 1 percent; down on week

MUMBAI (Reuters) - India's stock markets rose 1.1 percent on Friday as state-owned lenders such as State Bank of India recovered from recent sharp losses, but the key indexes were still headed for a fourth weekly loss in five, highlighting fragile investor sentiment.

The broader Nifty ended up 1.15 percent, posting a second consecutive daily gain, but lost 1 percent on the week.

The benchmark Sensex gained 1.14 percent, but posted a 1 percent weekly loss.

SBI surged 3.3 percent after falling 12.1 percent over the last five trading sessions.

(Reporting by Manoj Rawal; Editing by Biju Dwarakanath)