March 31, 2017 / 6:28 AM / in 8 months

BUZZ-India's IOC rallies on first day as Nifty member

** Shares of refiner Indian Oil Corp Ltd rise as much as 3.9 pct to their highest since Feb 23 on the first day trading as part of the 50-member Nifty index run by NSE

** Stock posts its biggest intraday pct gain since Feb 1

** NSE announced addition of IOC last month, said change to take effect on March 31

** As of Thursday’s close, IOC shares had gained about 15.9 pct so far this year vs a 12.1 pct rise in the NSE index

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