MARKET EYE-MCX, Financial Tech gains on SEBI go-ahead

Thu Dec 20, 2012 3:06pm IST

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A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* Shares in Multi Commodity Exchange of India and
Financial Technologies which owns 26 percent in MCX,
gain after the company said in a statement it has received the
final go-ahead from the markets regulator Securities and
Exchange Board of India (SEBI) for starting operations in MCX
Stock Exchange.
* The company also adds that SEBI has already cleared the first
lot of registration of 100 members and the balance applications
are expected to be cleared shortly.
* Multi Commodity Exchange of India gains 1 percent, while
Financial Technologies is up 2.4 percent.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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