IFCI, New India Assurance, other stocks drop up to 3% as NSE makes a muted market debut. What to expect?

On Thursday, shares of IFCI, New India Assurance Company, and General Insurance Corporation fell up to 3%. The National Stock Exchange listed with less than a 1% premium over the IPO price. NSE's initial public offering aimed to raise Rs 22,562 crore entirely through an offer for sale. Analysts anticipated long-term potential for NSE despite the muted listing, with a target price of Rs 1,965.

from Economic Times https://ift.tt/6ogivNp