New Delhi, Sept. 9 -- IFCI share price extended its losing run for the second consecutive session on Wednesday, 9 September, due to heavy profit booking after the stock's recent bull run. A day after crashing almost 10%, IFCI shares crashed more than 4.5% to an intraday low of Rs.88.40 on Wednesday. Overall, the stock has lost nearly 14% in just two consecutive sessions.

IFCI shares witnessed a strong bullish run of late amid buzz in the NSE IPO. The company has indirect exposure to the NSE through Stock Holding Corporation of India (SHCIL).

IFCI holds a controlling stake of over 50% in SHCIL, which, in turn, owns more than 4% of NSE. This structure gives IFCI shareholders indirect exposure to developments at India's largest stock excha...