By Bharath Rajeswaran and Hritam Mukherjee (Reuters) -Indian shares closed lower on Monday, as lacklustre earnings and another bout of profit-booking overpowered a post-results rally in top private lender HDFC Bank.

The shares climbed to ₹1,740.55, with market valuation increasing by ₹46,433.29 crore. Standalone net profit grew to ₹16,820.97 crore.

HDFC Bank Ltd., India’s largest private lender, second-quarter profit came ahead of analysts’ expectations helped by strong growth in deposits and loans.

HDFC Bank, India's largest private lender, beat analysts' forecasts for July-September profit on Saturday, helped by higher core lending income, while margins were slightly lower on a sequential basis.

The shares of HDFC Bank surged as much as 3.03 per cent Monday as the markets reacted positively to the bank’s earnings for the second quarter of the current financial year (Q2FY25). As of 09:29 am, the shares of HDFC Bank were trading 2.