Financial Tech extends gains on hopes of Sebi nod for MCX-SX

BSE 17 May 13 | 12:00 AM

851.50		10 (1.19%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: 526881

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NSE 17 May 13 | 12:00 AM

851.65		9.7 (1.15%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: FINANTECH

Performance
1 Week	:	Rs	808.75	(5.29%)
1 Month	:	Rs	754.05	(12.92%)
1 Year	:	Rs	584.65	(45.64%)

Financial Tech extends gains on hopes of Sebi nod for MCX-SX

SI Reporter / Mumbai 12 Apr 12 | 09:49 AM

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Financial Technologies is trading higher by 4% at Rs 774, extending its Wednesday’s 6% rally, on reports that the market regulator Securities and Exchange Board of India (Sebi) has agreed in the Supreme Court on Wednesday to amend its rules and dispose of MCX-SX’s application for recognition as a stock exchange within three months.

“The apex court asked SEBI to consider within three months the application of MCX-SX seeking permission to launch an equity trading platform, which has been previously rejected by the capital market regulator," the report suggests.

A combined 250,000 shares have changed hands on the counter in morning deals on the NSE and BSE.