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MARKET EYE-India's Financial Tech, MCX fall on banking bill issue
December 18, 2012 / 8:14 AM / in 5 years

MARKET EYE-India's Financial Tech, MCX fall on banking bill issue

* Shares in Financial Technologies (India) Ltd and
Multi Commodity Exchange of India Ltd (MCX) fall after
the government said it would drop a controversial clause from a
banking bill pending in parliament that would have allowed banks
to trade in commodity futures. 
* Traders say if the bill was approved in its original form it
would have led to additional trading volumes in the commodity
market and would have been positive for both companies.
* Financial Technologies shares down 1.2 percent and MCX shares
down 0.8 percent. 

 (manoj.dharra@thomsonreuters.com)

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