Sensex, Nifty gain 2.85% in week ended July 1
The BSE Sensex and NSE Nifty surged by around 2.85% in the week ended July 1, closing 747.20 and 239.75 points higher at 27,144.91 and 8,328.35 respectively. Analysts attributed the gains to a reduction in rainfall deficit, the Cabinet’s approval of the Seventh Pay Commission’s recommendations, and RBI’s positive outlook on the Indian economy in its Financial Stability Report.