MCX, Financial Tech to remain in focus

Shares of Financial Technologies and MCX will continue to hog market attention following the National Spot Exchange imbroglio. Suspension of trading in certain contracts at National Spot Exchange and the possibility of further curbs on its one-day forward contracts could have a direct impact on FTIL’s financials. Though MCX, another FT promoted entity, has no direct linkage to the spot exchange and derives no business from it, that stock was battered. However, with the BSE capping the maximum movement to 10 per cent, the fall may slow down for MCX.