Shares of Financial Technologies (India) and Multi Commodity Exchange of India (MCX) have rallied 10% each on the bourses on back of heavy volumes.
Financial Technologies (India) is locked in upper circuit of 10% at Rs 244 on the BSE. The trading volumes on the counter almost doubled with a combined 1.1 million shares changing hands so far. There are pending buy orders for around 300,000 shares on BSE and NSE at 1525 hours.
MCX too surged nearly 11% to Rs 783, also its 52-week high on the BSE. A combined 4.47 million shares changed hands on the counter so far against an average sub 2 million shares that were traded daily in past two weeks on NSE and BSE.
On July 8, billionaire investor Rakesh Jhunjhunwala bought a 2% stake in MCX via a bulk deal at a price of Rs 664 a share, while Financial Technologies (India) sold almost the same amount of shares, NSE data shows.
Financial Technologies (India) has cut its stake to 24% from 26%, exchange data adds.
Financial Technologies was ordered by India's market regulator in March to cut its stake in MCX from 26% to 2%.
Financial Technologies (India) is locked in upper circuit of 10% at Rs 244 on the BSE. The trading volumes on the counter almost doubled with a combined 1.1 million shares changing hands so far. There are pending buy orders for around 300,000 shares on BSE and NSE at 1525 hours.
MCX too surged nearly 11% to Rs 783, also its 52-week high on the BSE. A combined 4.47 million shares changed hands on the counter so far against an average sub 2 million shares that were traded daily in past two weeks on NSE and BSE.
On July 8, billionaire investor Rakesh Jhunjhunwala bought a 2% stake in MCX via a bulk deal at a price of Rs 664 a share, while Financial Technologies (India) sold almost the same amount of shares, NSE data shows.
Financial Technologies (India) has cut its stake to 24% from 26%, exchange data adds.
Financial Technologies was ordered by India's market regulator in March to cut its stake in MCX from 26% to 2%.
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