HDFC Bank hits record high on BSE ahead of Q1 nos

Shares of HDFC Bank hit a record high of Rs 519.50 in early trade on the Bombay Stock Exchange today ahead of the lender's first quarter results.

Shares of the company opened on a bullish note and immediately surged to a 52-week high of Rs 519.50 apiece on the Bombay Stock Exchange.

However, they later pared some of its gains and were later trading at Rs 513.95, down 0.09% from their previous closing price.

Marketmen said the rally in the stock was largely because the street is expecting a good showing by HDFC Bank, which is scheduled to report its financial results for the first quarter ended June 30 today.

Meanwhile, the broader market witnessed volatility in early trade, with the 30-share benchmark Sensex index jumping by 59.38 points in opening trade to hit a high of 18,566.42 points, only to slip into the red shortly afterward.

However, it subsequently regained the lost ground and was quoted at 18,552.45 points, higher by 49.71 points, at 1042 hours.