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