Financial Tech, MCX Shares Decline on Concern over Removal of Banking Bill Clause
December 18, 2012 2:07 PM IST
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.
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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 were down 1.2 percent and MCX shares went down 0.8 percent.
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