Reuters Market Eye - Shares in Multi Commodity Exchange of India (MCEI.BO) and Financial Technologies (FITE.NS) 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.
(Reporting by Abhishek Vishnoi)
Trending On Reuters
Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in Maharashtra, to hold his daughter's wedding in May. This bride was lucky because many other weddings will likely be postponed - to the dismay of the country's jewellers. Full Article