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The benchmark indices closed the session on a flat note amid huge volatility, after seeing two upper circuits on Monday. The markets reported a highest ever turnover of Rs 157877.29 crore.

The 50-share NSE Nifty surpassed the 4500 mark while the Sensex inched up towards the 15,000 level but did not test during the day. Both indices started the day on a positive note but immediately turned into red. Around 11 am, they started gaining strength again and touched an intraday high of 14,930.54 (up 646.33 points over previous close) & 4509.40 (up 186.25 points), respectively. But the markets lost ground after 2 pm and ended the day flat, despite positive global cues.

The sectors which are very positive to invest are Banking sector, Infrastructure Sector, Power sector. We are suggesting you to buy indusind bank at CMP.

IndusInd Bank provides banking services. It operates under four segments: treasury, corporate / wholesale banking, retail banking and other banking. It involves in accepting deposits, providing loans, financing and other related services in treasury to consumers and industries.

The bank's current equity is Rs.355 cr. Face value per share is Rs.10.IndusInd Bank's total income rose 32.50% to Rs.783.12 cr in Q4 March 2009 over Q4 March 2008. The bank announced the results during market hours today, 5 May 2009.

The bank reported 97.65% rise in net profit to Rs.148.34 cr on 26.97% growth in total income to Rs.2,765.72 cr in the year ended March 2009 over the year ended March 2008.

The bank's gross non-performing assets (NPA) declined 35% to Rs.255.02 cr as at 31 March 2009 from Rs.392.31 cr as on 31 March 2008. The ratio of gross NPA to gross advances declined to 1.61% as of 31 March 2009 from 3.04% as of 31 March 2008. The net NPA as of 31 March 2009 was at 1.14% of net advances, the bank said.

The bank's capital adequacy ratio rose to 12.33% in Q4 March 2009 as compared to 11.91% in Q4 March 2008.

At the time of announcing results, the board of directors of the bank recommended a dividend at the rate of Rs.1.20 per share (12%).

There is very good rise in the banks profit. With the same party is on a govt. there would be strong news flows for banking sectors in future. Comparing to the rates of other banks stock, Indusind bank is trading at a very low rate. Hence we are suggesting you to buy this stock at current market level.