IFCI jumps 6% as NSE IPO gets SEBI approval

IFCI shares rallied 6% after SEBI approved NSE's much-awaited IPO, clearing a key hurdle for the exchange's listing. IFCI has indirect exposure to NSE through its majority stake in Stock Holding Corporation of India, which owns more than 4% of NSE. The stock has surged over 500% in three years.