The market is trading in the green but is off highs with the BSE Sensex trading at 35,725 points and the NSE Nifty trading at 10,848 points. Pharma stocks are gaining for the third consecutive day with Sun Pharma, Lupin, Cipla, Dr Reddy's Labs gaining along with Axis Bank while Bharti Airtel, Idea Cellular, Zee Entertainment, Vedanta and HDFC are the top index losers.

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(The above-mentioned is the market update as of 10:03 am)

How did the market open?

The market, despite the weak global cues, advanced in the opening on Wednesday with the BSE Sensex opening at 35,803 points and the NSE Nifty opening at 10,870 points.

Tata Consultancy Services was gaining nearly two percent in trade after the buzz that the company will be considering the proposal of a share buyback, possibly for Rs 10,000 crore.

Pharma stocks continued to gain for the third consecutive day. Sun Pharma was gaining more than two percent after the drug major said it had received establishment inspection report (EIR) from the US health regulator for its Halol facility in Gujarat.

Asian shares edged slightly lower in early trade with MSCI's broadest index of Asia-Pacific shares outside Japan dipping 0.15 percent in early trade, giving up the slim gains they made following the meeting between US President Donald Trump and North Korean leader Kim Jong Un. Japan's Nikkei eked out gains of 0.10 percent.

First Published:Jun 13, 2018 9:28 AM IST