BSE Drops 6%, IFCI Jumps 12% After SEBI Clears NSE IPO

• BSE shares fell nearly 6 percent on February 1 after SEBI issued a No Objection Certificate (NOC) for rival NSE's IPO.
• IFCI shares surged approximately 12 percent, snapping a two-day losing streak.
• IFCI holds an indirect stake of about 2.35 percent in NSE through its majority ownership of Stock Holding Corporation of India (SHCIL).
• Rising expectations of a strong valuation for NSE's IPO likely boosted IFCI's stock.
• NSE dominates the market with 90-92% share in cash segment and 95% in stock F&O, while BSE holds a smaller share.

Why It Matters: SEBI's NOC for NSE's IPO caused BSE shares to drop due to competition, while IFCI gained from its stake in NSE.