Shares of Financial Technologies (India) and Multi Commodity Exchange of India (MCX) has surged more than 12% each on back of heavy volumes on the Bombay Stock Exchange (BSE).
Financial Technologies (India) has rallied 18% to Rs 178 on back of over two-fold jump in trading volumes. The stock opened at Rs 152 and has seen combined 4.31 million shares changing hands on the counter on BSE and NSE at 1245 hours.
MCX too, gained nearly 13% at Rs 492on BSE. The stock opened at Rs 443 and hit a low of Rs 440 in early morning deals. A combined 795,156 shares have changed hands on the counter so far on both the exchanges.
According to media reports, the Forward Markets Commission (FMC) has allowed the three former directors of MCX and Financial Technologies (India)) to cross-examine Grant Thornton, which conducted the forensic audit on the trouble-ridden National Spot Exchange Ltd (NSEL).
The commodity market regulator will finalise its order regarding ‘fit and proper’ status of two former directors after these entities cross-examine a forensic audit report. The cross-examination is scheduled on November 25.
Following an order by the Bombay High Court, which is hearing all National Spot Exchange Limited (NSEL) related cases, the FMC had ordered forensic audit of the E-series contracts of the exchange, the Business Standard report suggests.
Financial Technologies (India) has rallied 18% to Rs 178 on back of over two-fold jump in trading volumes. The stock opened at Rs 152 and has seen combined 4.31 million shares changing hands on the counter on BSE and NSE at 1245 hours.
MCX too, gained nearly 13% at Rs 492on BSE. The stock opened at Rs 443 and hit a low of Rs 440 in early morning deals. A combined 795,156 shares have changed hands on the counter so far on both the exchanges.
According to media reports, the Forward Markets Commission (FMC) has allowed the three former directors of MCX and Financial Technologies (India)) to cross-examine Grant Thornton, which conducted the forensic audit on the trouble-ridden National Spot Exchange Ltd (NSEL).
The commodity market regulator will finalise its order regarding ‘fit and proper’ status of two former directors after these entities cross-examine a forensic audit report. The cross-examination is scheduled on November 25.
Following an order by the Bombay High Court, which is hearing all National Spot Exchange Limited (NSEL) related cases, the FMC had ordered forensic audit of the E-series contracts of the exchange, the Business Standard report suggests.
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