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Market closes largely negative, Nifty below 10,700.

The market closed largely negative with the BSE Sensex, slipping more than 200 points, to close at 34,982 and the NSE Nifty closed below 10,700 points, at 10,628 points. The market closed largely in the red ahead of the RBI policy meet outcome on Wednesday. HDFC Bank traded in the red after erasing its opening gains. GAIL, Adani Ports and Asian Paints were the top index losers while Idea Cellular, Dr Reddy's Labs and Lupin were among the top index gainers in the session.

How is the market faring? (as of 02:19 pm)

Market extends losses, Sensex falls more than 150 points.

The market is extending losses with the BSE Sensex trading at 35,039 points and the NSE Nifty trades at 10,625 points. The market trades weak despite strong global cues. The investors seem to be trading cautiously ahead of the RBI policy meet as some experts say a change in the repo rate is likely while some say it will be unchanged. In stocks, HDFC Bank, Bharti Airtel and GAIL are the top index losers while M&M, Dr Reddy's Lab and Idea Cellular are the top index losers.

How is the market faring? (as of 01:35 pm)

Market trades weak, Sensex slips 100 points.

The market is trading weak with the BSE Sensex, losing more than 100 points, at 35,118 points and the NSE Nifty trading at 10,657 points, below 10,700. The market is trading weak despite strong global cues. The banks are dragging the market with HDFC Bank continuing to lose more than a percent.

How is the market faring? (as of 01:06 pm)

Market continues to be volatile and largely flat with a negative bias.

The market continues to trade volatile and largely flat with a negative bias with the BSE Sensex trading at 35,150 points and the NSE Nifty trading at 10,666 points despite strong global cues. GAIL, Adani Ports, Titan Company, Asian Paints and Bharti Infratel are the top index losers of the hour while HDFC Bank, though not in the top five list, continues to lose over a percent in trade. Dr Reddy's Lab, Idea, Yes Bank, Lupin and Tata Steel are the top five Nifty gainers of the hour.

How is the market faring? (as of 11:55 am)

Sensex, Nifty trade flat with negative bias.

The market is trading flat, with a negative bias, with the BSE Sensex trading largely volatile at 35,227 points and the NSE Nifty trading at 10,692 points. HDFC Bank continues to lose in trade, GAIL, Adani Ports and Asian Paints are among the other index losers, while pharma stocks gain in trade.

How has the market fared so far?

The market is trading volatile with the BSE Sensex trading at 35,230 points and the NSE Nifty below 10,700, trading at 10,690 points.

The HDFC Bank is losing more than a percent after gaining in the opening trade. The bank had gained due to multiple block deals, however, it's currently dragging the market.

Pharmaceutical stocks are among the top index gainers with Dr Reddy's Lab is the top index gainer with a 3% advantage.

Yes Bank, Idea Cellular, Mahindra & Mahindra and Lupin are among the top index gainers.

GAIL, HDFC Bank, Bharti Airtel, Asian Paints and Adani Ports are the current top index losers.

The state-owned banks continue to lose in the market after a report suggested merger of at least four state-run banks, including Bank of Baroda, IDBI Bank Ltd, Oriental Bank of Commerce and Central Bank of India.

The market on Monday opened in the green backed by strong global cues. The BSE Sensex opened at 35,503 points and the NSE Nifty opened at 10,766 points, strongly reclaiming its 10,700-mark.

The HDFC Bank opened with more than one percent advantage due to multiple block deals, while Tata Motors, Mahindra & Mahindra and Hero MotoCorp opened in the green after posting robust May sale numbers.

First Published:Jun 4, 2018 11:44 AM IST