New Delhi, June 15 -- Hopes of the stock market debut for the Indian stock market bourse National Stock Exchange (NSE) have fueled a sharp rally in shares of IFCI Limited so far this year, with the stock gaining another 8% in intraday deals on Monday, 15 June. This marks the second straight day of gains for IFCI as it rallied 20% last Friday amid reports that NSE could take a step further towards its listing journey and file the draft papers for its initial public offering (IPO) this week.

IFCI shares jumped 7.95% to Rs.91.36 per share, their fresh 52-week high, amid the prospects of value unlocking for the current shareholders of the company. IFCI has an indirect stake in NSE through Stock Holding Corporation of India Limited (SHCIL). ...