Shares of IFCI, New India Assurance Company (NIACL) and few other stocks rallied up to 9% on Thursday as the much-awaited initial public offering (IPO) of the National Stock Exchange (NSE) opened for public bidding, boosting investor sentiment for the stocks that have exposure to the exchange.
While the Rs 22,569 crore IPO opened on Thursday, the unlisted shares of NSE traded with around a 7% grey market premium (GMP) over the IPO price, indicating a decent market debut.
