Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

Catch all that happened in the market here

12:31 PM

Q1 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, up 15% year-on-year. 

12:24 PM

Q1 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. 

11:43 AM

ITC 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.

11:28 AM

Gold 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.

11:16 AM

Dollar 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 AM

At 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 AM

RIL hits fresh 52-week high; top gainer on Sensex, Nifty

10:40 AM

Markets extend gains

Nifty nears its key psychological 10,000 mark, while Sensex trades above 32,200 

10:22 AM

Overseas 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

10:12 AM

The International Monetary Fund (IMF) has retained India's economic growth projections at 7.2 per cent in 2017-18, up slightly from 7.1 per cent in the previous year. However, the growth would accelerate to 7.7 per cent in 2018-19, IMF said while also maintaining the growth rate level projected in April. CLICK HERE FOR FULL REPORT

10:05 AM

Markets at new highs

In intraday trade, the Sensex gained as much as 156 points to touch its fresh high of 32,185 level, while the Nifty added 37 points to hit its new high of 9,953 mark.

10:01 AM

Lupin bucked weakness in the Nifty Pharma index to gain nearly 3% to Rs 1,175 on the NSE after the company announced the successful completion of an inspection carried out by the US regulator at its Goa manufacturing facility.   

9:51 AM

Divi's Labs shed over 4% after the drug firm reported 41.50% dip in standalone net profit at Rs 176.54 crore for the first quarter ended June 30, impacted by USFDA alert for a unit at its Visakhapatnam facility. The company had posted a net profit of Rs 301.81 crore for the corresponding period of previous fiscal.

9:50 AM

ITC hikes cigarette prices effective July 18: TV reports 

9:39 AM

Sensex touches fresh high of 32,140, surpassing previous high of 32,131 hit on July 17.