HDFC Bank August 2017 futures traded at 1,777.95, at a discount over spot closing of 1,785.10.
The S&P BSE Mid-Cap Index ended four days of advances led by IDBI Bank Ltd., which had its steepest decline in two months. The Dow Jones industrial average gained 0.5 percent to 21,711.01, and the Nasdaq composite rose 0.2 percent to 6,422.75.
Indian shares retreated from record highs to end on a flat note on Thursday as losses in the telecom, healthcare and IT sectors offset strong gains among financials.
The early gains for both petered out as earnings by some blue-chip companies turned out to be disappointing.
Biocon (0.45 percent), ICICI Bank (1 percent) and ONGC (0.06 percent) were trading higher ahead of their June quarter earnings scheduled to be announced today.More news: AK Steel Holding Corporation (NYSE:AKS) Quarterly Analytical Analysis
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Dr Reddy's Laboratories slumped 4 percent after its Q1 profit dropped 57 percent on account of falling sales in the US and India. On the other hand, mortgage major HDFC gained 5.8 per cent and HDFC Bank was up 2.2 per cent.
According to media reports, the company's profit failed to meet analysts' expectations beaten down by one-time dealer compensation due to Goods and Services Tax (GST) implementation.
Telecom stocks fell broadly, with Idea Cellular, Bharti Airtel and Tata Teleservices losing 2-5 percent.
In Asia, stocks hit 2007 high after the Federal Reserve signaled that inflation remains persistently below its target.
"FOMC's decision to keep interest rate unchanged kept the market buoyant in early trade".