For the day, the index closed 24.75 points, or 0.22 per cent, higher at 11,329.
Many analysts were anticipating the stock to list at around Rs 600.
Jhunjhunwala was seen trimming stakes in four of his portfolio companies.
On Monday, sustaining above the 11,189 level can lead Nifty50 to test 11,400 level.
Analysts said the bank has material exposure to troubled HFCs and telecom companies.
In the last 40 months, or 10 years, BSE Sensex delivered positive returns in 25 instances.
As long as NSE Nifty holds 11,090, one can retain a positive bias with a target of 11,400.
Jhunjhunwala and his better half Rekha own 7.05 per cent stake in the company.
For the day, the index closed at 11,126, down 48.35 points, or 0.43 per cent.
Nifty50 has engulfed 50 per cent of the gains recorded on September 20 and 23.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon