Financial Technologies (India) has dipped 4% to Rs 608, extending its over 17% fall in past five trading sessions, after government asked National Spot Exchange (NSEL) not to launch contracts of new commodities until the government finalises a new regulatory framework.
The stock opened at Rs 626 and hit a 52-week low of Rs 601 on NSE. A combined 259,284 shares have changed hands on the counter till 1004 hours on NSE and BSE.
On July 15, the company said the consumer affairs department has sought an undertaking from its subsidiary NSEL that no further contracts will be launched and all existing contracts should be settled on their due dates.
The company said that it will comply with all lawful directions issued by the concerned authorities in this regard.
The stock opened at Rs 626 and hit a 52-week low of Rs 601 on NSE. A combined 259,284 shares have changed hands on the counter till 1004 hours on NSE and BSE.
On July 15, the company said the consumer affairs department has sought an undertaking from its subsidiary NSEL that no further contracts will be launched and all existing contracts should be settled on their due dates.
The company said that it will comply with all lawful directions issued by the concerned authorities in this regard.