HDFC Asset Management Company share price fell up to 6.67% to Rs 1,801.05 level compared to the previous close of 1,929.75 level on BSE.

Unlike equity investment, where the long-term approach is appreciated, debt investment should be avoided for long-term goals as longer the investment horizon, the higher the uncertainty on the interest rate and credit risks

Share Market LIVE: On the sectoral front, indices trading in the green are IT, FMCG, Auto, Metal, Infra and Pharma. In declining indices, PSU bank and Media tops the list with 1.40% decline each, followed by Financial services, Energy, Bank and Realty.

Share Market Update: All the sectoral indices closed on the red, with major declines seen in PSU Bank, which was down by almost 5.20 % and PVT bank down at 2%, followed by other major indices like Pharma, Realty, Media and Metal, each declining over 1%. 

In the full financial year 2018-19, PFC's standalone net profit stood at Rs 6,952.92 crore, compared to Rs 4,386.76 crore a year ago. Total standalone income also improved to Rs 28,851.29 crore during the year, against Rs 25,980.25 crore in 2017-18.

The BSE Sensex gained 207 points to hit an all-time high of 39,560, breaching its previous record of 39,487 hit on April 18 this year, helped by gains in index heavyweights such as HDFC, Bajaj Finance, Hindustan Unilever Ltd, Reliance Industries and Vedanta

BSE Sensex is up 1445.67 points or 3.81 per cent at 39,376.44 and NSE Nifty is trading up by 420.70 or 3.69 per cent at 11,827.85, in the last hour of trade.

Here's a look at sectors and stocks which are likely to benefit today after exit polls predicted Modi government would return to power on May 23.