FTIL, MCX stocks fall over 4%

Shares of Financial Technologies (India) Ltd and Multi Commodity Exchange today fell by 4.2 per cent as the CBI carried out searches at 15 locations including the offices of National Spot Exchange LTD here.
FTIL's scrip lost 4.22 per cent to Rs 378.50 on the BSE.
Similarly, the stock of FTIL group entity MCX tanked 4.18 per cent to Rs 518.
The NSEL, which is promoted by FTIL, has been defaulting on payments to 13,000 investors.
It plunged into the payment crisis after halting trading in commodities from late July last year on a government directive.
NSEL is in a payment crisis amounting to Rs 5,600 crore.

Meanwhile, CBI today carried out searches at 15 locations across the country, including offices of NSEL in Mumbai, in a case of alleged irregularities in investments by state-run trading company PEC causing a loss of Rs 120 crore.