Mumbai: Shares of Financial Technologies India on Wednesday ended with gains, while MCX saw profit-booking, a day after capital market regulator Sebi granted permission to their entity MCX-SX to operate as a full-fledged stock exchange.
FTIL shares settled 3.05 percent up at Rs 776.35 on the BSE. In intra-day, the stock touched a high of Rs 824.90, up 9.49 percent.
MCX on the other hand erased all its initial gains and ended at Rs 1,128.75, down 2.45 percent. During the day, the scrip touched a high of Rs 1,246.20 and a low of Rs 1,122.
FTIL and MCX are the promoters of MCX Stock Exchange (MCX-SX).
Sebi late on Tuesday, had granted permission to MCX-SX to operate as a full-fledged stock exchange, ending nearly four-year-long wait of the bourse to enter the business -- a move that will bring in more competition in markets.
MCX-SX was first granted recognition by Sebi in September, 2008, but it was allowed to conduct trading only in the currency derivatives segment.
With the approval, MCX-SX would be able to offer additional asset classes such as equity and equity F&O (Futures and Options), interest rate futures and wholesale debt segments.
At present, Sebi has granted permanent recognition to eight stock exchanges in the country, but only two of them -- BSE and NSE (National Stock Exchange) -- are operating as active national level bourses across the segments.
MCX is the country's largest commodity exchange, while its promoter FTIL offers technology and other solutions for exchange businesses.
Meanwhile, in the broader market the BSE Sensex was down 129.21 points at 17,489.14.


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