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NIACL, IFCI shares rise up to 9% after NSE IPO subscription opens

NIACL and IFCI shares rose as the NSE IPO opened for public subscription, with NIACL trading above 9% to an intraday high of Rs 201.24.

New India Assurance Company Ltd (NIACL) and IFCI shares rose up to 9 percent in Thursday's trade as the National Stock Exchange of India Ltd (NSE) IPO opened for public subscription. 24 per share on the NSE. The stock later witnessed further movement in trade.