Thursday, 1 August 2013

Financial Technologies stock crashes 58%

The stock has hit a high of Rs487 and a low of Rs251.


Shares of Financial Technologies crashed 58% after National Spot Exchange Limited has suspended trading of contracts, other than e-Series contracts till further notice.
The stock is currently trading at Rs225, down Rs287.55. The stock has hit a high of Rs487 and a low of Rs251.

NSEL has decided to merge the delivery and settlement of all pending contracts and deferred the same for a period of 15 days. Consequently, the positions outstanding in the contracts will be settled by way of delivery and payment after expiry of 15 days.
Exchange shall announce a revised settlement calendar and contracts due for settlement after 15 days period.

MCX too has crashed 20% at Rs127.55.

Meanwhile, BSE benchmark Sensex is 180 points up at 19,526, while 50-share S&P CNX Nifty is 46 points higher at 5,788.

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