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Sensex ends higher, post biggest weekly gain in five

Reuters
A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai, March 4, 2015. REUTERS/Shailesh Andrade/Files

(Reuters) - India's broader Nifty hit its highest level in more than 10 months on Friday and its biggest weekly gain in five as expectations of a good monsoon and economic reform hopes continued to support auto and consumer goods stocks.

The NSE index ended up 0.49 percent at 8,328.35, after earlier rising as much as 0.83 percent to its highest since Aug. 20, 2015.

The benchmark BSE Sensex closed up 0.54 percent at 27,144.91, after earlier touching its highest since Oct. 27, 2015.

For the week, the broader NSE Nifty rose 2.5 percent while the Sensex gained 2.8 percent, their biggest weekly gains since the week ended on May 27.

(Reporting by Darshana Sankararaman in Bengaluru; Editing by Gopakumar Warrier)