Home > Business News > financial technologies,dtf, dtf acronym, dtf means, grenade dodger, stf

financial technologies,dtf, dtf acronym, dtf means, grenade dodger, stf

September 24, 2010 Leave a comment Go to comments

Reacting sharply to the Sebi’s move, shares of Financial Technologies (FTIL) tanked 9.46 per cent in the start of the session to a four-week low of Rs 1,242 on the Bombay Stock Exchange (BSE).Yesterday, Sebi had rejected the plea of MCX Stock Exchange Ltd (MCX-SX), saying shareholding norms had been violated and that its promoters lacked honesty.FTIL shares also witnessed a steep decline on the National Stock Exchange and plunged 9.37 per cent to a low of Rs 1244.30.”The fall in the shares is just the knee-jerk reaction as the investors became nervous after the Sebi rejected the MCX-SX application,” CNI Research CMD Kishore P Ostwal said.MCX-SX is promoted by India’s largest commodity bourse MCX and another group company FTIL, and currently offers trading in currency futures only.In April, MCX-SX had applied to deal in interest rate derivatives, equity, futures and options on equity and wholesale debt segments and all other segments where BSE and NSE have a presence.Meanwhile, the 30-share benchmark Sensex also started the day on a weak note for the third consecutive session and was trading at 19,833.52, down 27.49 points from the previous close.

Source from:http://www.financialhub.in/financial-technologies-plunges-9-46-pc-on-bse-3
Tags:financial technologies,dtf, dtf acronym, dtf means, grenade dodger, stf

Advertisements
Categories: Business News
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: