India’s NSE bourse closes higher after country’s biggest IPO of the year

The National Stock Exchange of India has overtaken its older rival, the Bombay Stock Exchange, hosting most of the country's big initial public offerings. © Reuters MUMBAI — The National Stock Exchange of India, the country's preeminent public bourse, saw its shares rise as much as 5.2% from the initial offering price of 1,785 rupees ($19) on Thursday, after the company completed India's second-largest IPO ever.

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