Live: Sensex Up 450 Points; 42 Nifty Stocks Advance

For IndusInd Bank:

• Advances up 4% to Rs 2 lakh crore
• Deposits up 6% to Rs 2.11 lakh crore
• CASA Ratio at 40.2% from 43%
• Comparisons on a year-on-year basis

For Federal Bank:

• Advances up 8% to Rs 1.23 lakh crore
• Total Deposits up 17% to Rs 1.54 lakh crore
• Customer deposits up 16% to Rs 1.49 lakh crore
• CASA Ratio at 32.02% from 31.44%
• Liquidity Coverage Ratio at 227.79% from 147.38%

• Shares of IndusInd Bank gained as much as 4.47% to Rs 509 and are among the top performers on the Nifty 50 Index.
• Shares of Federal Bank gained as much as 3.2% to Rs 54.70.

The company informed the exchanges this morning that it has signed definitive agreements to sell Alipurduar Tranmission Ltd. - a wholly-owned subsidiary to Adani Transmission.

The enterprise value of the deal is around Rs 1,286 crore, according to its exchange filing and is subject to requisite approvals and compliances.

Shares are trading at the day's high, gaining as much as 7.1% to Rs 250.80, up for the fifth day in a row.

• Benchmark indices remain near the day's high
• Nifty up 1.43% at 10,762
• Sensex up 1.25% at 36,484
• Nifty Bank up 1.8% at 22,262
• Nifty Midcap Index up 1.3%
• Nifty Smallcap Index up 1.5%
• India Volatility Index down 1.1% to 25.48
• Nifty Pharma remains the only sectoral laggard; down 1%
• Nifty Metal is the top sectoral gainer; up 2.5%
• Nifty Auto, Nifty I.T index gain 1.5% each
• Nifty Realty and Nifty PSU Bank index up 1% each
• Hindalco is the top Nifty gainer; up 4.6%
• Bajaj Auto remains the top Nifty laggard; down 1.1%
• 1,155 stocks on the NSE trade with gains while 602 decline

• Top performer on the Nifty Smallcap Index
• Gains as much as 20% to Rs 134.3
• Biggest single-day gain in three months
• Trades at the highest level since January 2018
• Up for the second straight day
• Up 28% in the last two trading sessions
• Today's volumes are 15.4 times higher than its 30-day average
• Stock trades in overbought territory with Relative Strength Index (RSI) at 81
• Has tripled from its 52-week low of Rs 44.8 on March 13, 2020

• Revenue down 35% to Rs 434.6 crore
• Net loss of Rs 68.8 crore from net profit of Rs 48.3 crore
• Ebitda down 47% to Rs 59.7 crore
• Ebitda margin at 13.7% from 17%
• Other income rises to Rs 36.8 crore from Rs 1.9 crore
• Exceptional item of Rs 43.05 crore owing to write down of inventory due to adverse impact of Covid-19 on sales and profitability
• Expenses incurred on account of restructuring activities of European business worth Rs 12.1 crore
• Hedge ineffectiveness of Rs 11.42 crore as forecasted sales are not expected to occur due to lockdown restrictions
• All numbers are consolidated and compared on a year-on-year basis

Shares fell as much as 9.1% - the most in three months to Rs 58.05.