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MUMBAI: The Indian equity markets closed the week higher on Friday, after the Reserve Bank of India (RBI) revised its growth projection of the economy upwards for H1 FY27.

At the closing bell, Sensex gained 266 points, or 0.32 per cent, to settle at 83, 580. Nifty surged 50 points, or 0.20 per cent, to close at 25, 693.

The broader markets showed divergence from benchmark indices, as Nifty Midcap 100 index lost 0.02 per cent, while the NSE Smallcap 100 shed 0.27 per cent.

Sectoral indices traded mixed, as consumer staples were the top gainers, with Nifty FMCG surging 2.27 per cent and Nifty Consumer Durables rising 0.96 per cent. Private banks and realty surged 0.63 per cent each.