The market closed flat with a negative bias after recovering towards the end of the session. The BSE Sensex closed at 35,443 points and the NSE Nifty closed at 10,767 points. Pharma stocks were the top gainers throughout the session while Power Grid Corp, Hindalco, among others were the top index losers in intraday trade.

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(The above-mentioned detail is the market close update as of 03:30 pm)

Market update as of 02:51 pm

The market has recovered in trade with the BSE Sensex trading at 35,438 points and the NSE Nifty trading at 10,763 points. Pharma stocks remain the top index gainers while Power Grid Corp, Hindalco, among others continue to be the top index losers.

Market update as of 02:05 pm

The market continues to trade in the red with the BSE Sensex trading at 35,336 points and the NSE Nifty is trading at 10,731 points amid weak currency and global cues.

The oil prices fell in in intraday trade and it remains volatile, according to experts. Power Grid Corp, Hindalco, BPCL, HDFC and Grasim are the top index losers while four pharma stocks - Sun Pharma, Dr Reddy's Labs, Lupin and Cipla - and Idea Cellular are the top index gainers of the hour.

Market update as of 12:30 pm

The market continues to trade weak as the BSE Sensex is at 35,298 points and the NSE Nifty is trading at 10,720 despite the fall in oil prices.

The oil prices have fallen due to China's demand and the surge in US output.

However, the currency and the global still remain weak. The rupee is currently trading at 67.56 against the US dollar.

Oil marketing companies are slowly recovering from their lows but BPCL remains to be among the top index losers. Power Grid Corp, Hindalco, HDFC and Larsen are the other top losers while Sun Pharma, Dr Reddy's Labs, Lupin, Idea Cellular and Tata Motors are gaining in trade.

What has happened in the market so far?

The market continues to trade in the red towards the second half of the session.

The BSE Sensex is trading at 35,366 points and the NSE Nifty is trading at 10,733 points. The market remains weak due to weak global cues such as rising crude oil prices and weak currency.

Oil prices rose on Friday, driven up as Venezuela struggles to meet its supply obligations and by ongoing voluntary output cuts led by producer cartel OPEC.

The rupee hit a one-week low as it was trading at 67.50 against the US dollar in early trade. Towards the second half, the currency was trading between 67.46 and 67.50 against the dollar.

Pharma stocks are the top gainers along with Tata Motors, while Power Grid Corp, oil marketing companies, Hindalco and Grasim are the losers of the hour.

The market on Friday opened lower due to weak global cues with the BSE Sensex trading at 35,406 points and the NSE Nifty at 10,734 points.

The global markets were weak due to macroeconomic cues. The European Central Bank (ECB) will debate next week whether to end bond purchases later this year. While another reason for the lower global markets was the widening rift between the United States and its major trade partners.

First Published:Jun 8, 2018 12:02 PM IST