Sensex closes above 35,000 on July 1

Web Desk

The surge in the stock market continued with the Sensex gaining 498 points and end the trade above 35,000. The Sensex rose till 35,467.23 points and closed at 35,414.45.
Nifty rose 127.95 points and closed at 10,430. During the day Nifty rose till 10,477.05Even though the index gained, 23 of the 50 share Nifty index registered losses during the day.
Banking and Finance shares energised the surge in the market. Axis Bank, HDFC, Bajaj Finserve, UPL and ITC were the five Nifty shares that registered the best gains on the day. Axis bank made a gain of more than 6%.
The Nifty Bank index rose 2.83 per cent. Bank of Baroda, PNB and Federal Bank gained over 4%. At the same time the performance of the Pharma shares was weak on the first day of the month. Except of Aurobindo Pharma all pharma shares were trading at a loss.
NTPC, Nestle India, L&T, Sree Cements and Cipla are the five Nifty shares that registered huge losses.