Asset management stocks gained on Friday, as the Rs 10,602.65-crore ICICI Prudential Asset Management Company (AMC) kicked off. Nippon Life India Asset Management Ltd saw its shares rising 2.83 per cent to Rs 851 apiece. Aditya Birla Sun Life AMC Ltd advanced 1.9 per cent to Rs 754.20 apiece. Canara Robeco Asset Management Company Ltd added 1.84 per cent to Rs 287.20. UTI Asset Management Company Ltd at Rs 1,141.80 apiece was up 1.63 per cent. HDFC Asset Management Company Ltd also edged 0.31 per cent higher at Rs 2,674.90. Advertisement

Stocks gained as brokerages suggested positive outlook for asset management as a sector. Besides, ace investors such as Jhunjhunwala family, Prashant Jain, Manish Chokani and Madhusudan Kela showing interest in ICICI Prudential AMC IPO also boosted AMC

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