Financial Tech gains around 30 percent after steep fall

MUMBAI (Reuters) - Shares in Financial Technologies (India) Ltd rose as much as 45 percent on Monday after slumping 73 percent over the previous two sessions.

Financial Technologies shares had slumped last week to a record low after commodities exchange unit National Spot Exchange Ltd (NSEL) suspended trading in most one-day forward contracts.

NSEL said on Sunday most of its trading members had proposed settling outstanding contracts over several months after the trading suspension.

Financial Technologies shares were up 33.9 percent at 12:23 p.m.

(Reporting by Rafael Nam and Abhishek Vishnoi; Editing by Supriya Kurane)