National Securities Depository Ltd. shares continued their upward momentum for the second consecutive session, rising as much as 6.56% to Rs 997.65 on BSE. The stock was trading 5.3% higher and approached a market capitalisation of Rs 20,000 crore. NSDL had debuted on Dalal Street with a 10% premium over its IPO price. The IPO was entirely an offer for sale of up to 5.01 crore equity shares by existing shareholders including IDBI Bank, National Stock Exchange of India, and State Bank of India, generating Rs 4,012 crore for selling shareholders. The company raised Rs 1,201.44 crore from anchor investors including Life Insurance Corporation of India, Capital Group and Fidelity. The stock's performance contrasted with the broader market, as the benchmark Sensex declined 0.3%.