Nifty at fresh record high, nears 10,000 mark

The benchmark indices, S&P BSE Sensex and Nifty50 hit their record highs on Monday even as investors kept an eye on a host of quaterly earnings scheduled for the day. Gains were, however, capped by a mixed trend seen in Asian markets ahead of the joint OPEC and non-OPEC ministerial meeting later in the day.

Meanwhile, the International Monetary Fund (IMF) retained India's economic growth projections at 7.2% in 2017-18, up slightly from 7.1% in the previous year. However, the growth would accelerate to 7.7% in 2018-19, IMF said.

12:46 PMHDFC Bank at day's high post Q1 results, gains 2%

HDFC Bank

12:31 PMQ1 earnings

HDFC Bank set aside Rs 1,559 crore in provisions, compared with Rs 1,261.80 crore reported in the March quarter. The private sector lender's net interest income (NII) came in at Rs 9,370 crore. 12:24 PMQ1 earnings

HDFC Bank was trading flat at Rs 1,698 after the company reported 20.22% rise in net profit at Rs 38,94 crore for the June quarter against Rs 32,39 crore reported in the same quarter of previous year.

HDFC Bank11:43 AMITC rebounded to add over 2% to Rs 295 on the BSE after the company hiked the prices of select cigarette brands following the GST Council's move to hike the cess on cigarette firms.

ITC11:28 AMGold prices touched their highest in four weeks on Monday, supported by political uncertainty in the United States that pushed the dollar to its lowest in over a year. Spot gold was nearly flat at $1,254.31 per ounce. It earlier hit a 4-week high of $1,257.18 an ounce, having risen 2.1% last week. US gold futures for August delivery were also nearly unchanged at $1,254.70 per ounce.

gold, jewellery11:16 AMDollar index struggles near a 13-month low

The dollar struggled near a 13-month low against a basket of major currencies ahead of the Fed policy meeting later in the week as US political woes dampened hopes for quick passage of president Donald Trump's stimulus and tax reform agendas. After touching 93.823, its lowest level since June 2016 early on Monday, it edged up to 93.908, marginally above Friday's close.11:01 AMAt 11:00 am, the Sensex was trading at 32,218, up 189 points, while the Nifty50 was ruling at 9,967, up 51 points. 10:57 AMRIL hits fresh 52-week high; top gainer on Sensex, Nifty

Reliance10:40 AMMarkets extend gains

Nifty nears its key psychological 10,000 mark, while Sensex trades above 32,200 10:22 AMOverseas investors have pumped in $2.4 billion in the capital markets this month, enthused by trouble-free roll-out of GST and on hopes of better corporate earnings, taking the total to $25 billion so far this year. CLICK HERE FOR DETAILS

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