Financial Tech down around 18 percent, slumps for second day

MUMBAI (Reuters) - Shares in Financial Technologies (India) Ltd slumped as much as 45 percent to a record low after its unit National Spot Exchange Ltd this week suspended trade in most of its forward contracts and deferred payments on client trades.

As of 2:12 p.m., Financial Technologies shares were down around 18 percent after earlier hitting a record low of 105.45 rupees.

Shares in the technology provider had slumped 64.5 percent on Thursday.

(Reporting by Himank Sharma; Editing by Rafael Nam and Supriya Kurane)