In a volatile trade, the benchmark indices reversed losses with the Nifty50 reclaiming it's crucial 10,000 marks even as Asian markets were trading mixed after on Friday Wall Street ended a six-day run of record highs after the first monthly decline in US non-farm jobs in seven years.
Sentiment turned cautious as earnings season for the July-September quarter kicks off this week with over 30 companies scheduled to report their Q2 numbers. These include TCS, Reliance Industries, South India Bank, IndusInd Bank, Cyient, and Bajaj Corporation, among others.
The combined net profit of Nifty50 companies is expected to grow by 7.4% on a year-on-year (YoY) basis in Q2FY18, against 1.8% decline during the June 2017 quarter and 8.5% growth during the corresponding period a year ago.
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