Share price of HDFC Asset Management Company, the country's second-largest mutual fund house, has settled at Rs 1,726 in the pre-opening trade, showing a gain of 57 percent over issue price of Rs 1,100 per share
Equity benchmarks have further extended their gains, with the Sensex on track to hit 37,800, while the Nifty is well above 11,400-mark.
At 11:09 hrs IST, the Sensex is up 204.22 points or 0.54% at 37760.38, and the Nifty up 49.70 points or 0.44% at 11410.50. The market breadth is positive as 1434 shares have advanced, 805 shares declined, while 140 shares are unchanged.
There is strength visible among banks, auto, energy and metal names, while pharamceuticals and FMCG names have lost some sheen.
Axis Bank and ICICI Bank are the top gainers, while Kotak Mahindra Bank and HUL have lost the most.
Missed call
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