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The gains, if they hold, could be the biggest single-day surge for the stock in nearly two years, easing some of the concerns around Big Tech valuation that triggered a sector-wide selloff in the past few weeks.

"The proposed inclusion of corporate bonds will catalyse banks’ investment in corporate bonds, especially long-term bonds" said a report by the ratings firm India Ratings.

The company has posted a consolidated PAT of Rs 298.7 crore, as against a net profit of Rs 399.9 crore in the corresponding quarter of the previous fiscal.

In another transaction, Nexus Global Opportunities sold 1,75,000 shares of Sigachi Industries at an average price of Rs 388.02 per share.

The Nasdaq Composite rose 148.5 points, or 1.03per cent, to 14494.472 at the opening bell.

Analysts estimate net profits to grow as much as 53 per cent year-on-year while sales are expected to jump up to 46 per cent year-on-year (YoY). Ebitda margins are likely to jump, they said.

A 30 per cent dip in total provision to Rs 1,065 crore helped the bank report higher profit. Its operating profit, however, fell 12 per cent to Rs 1,527 crore due to a fall in treasury earnings, bank managing director Partha Pratim Segupta said.

Kubota is an agriculture product manufacturer and offers various machinery. It also offers engineering, procurement and construction to maintenance, among others.

Its consolidated revenue from operations during October-December 2021 stood at Rs 967.38 crore, compared with Rs 835.04 crore in the year-ago period, it added.

Total income of the company rose to Rs 226.88 crore in the quarter, from Rs 184.86 crore in year-ago period. Total expenses also increased to Rs 216.93 crore, as against Rs 175.23 crore earlier.