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IFCI shares jump nearly 9% despite weak broader market

IFCI shares rose nearly 9% on Thursday, Oct. 8, while the broader market remained under pressure. The move is described as facing resistance at higher levels.

IFCI

IFCI shares climbed nearly 9% on Thursday, 8 October, even as the wider stock market stayed under pressure. Technical signals indicate the stock is still running into resistance at higher levels, with analysts warning the recent advance may be only a relief move.