Financial Technologies

Financial Tech shares fall 24% on reports of likely ban on e-series contracts

Financial Tech shares fall 24% on reports of likely ban on e-series contracts

Shares of Financial Technologies Ltd slipped as much as 24 per cent in early morning trade on Tuesday, after media reports suggested that the government could put a ban on trading in e-series contracts on the National Spot Exchange Ltd (NSEL).

E-series contracts allow retail investors to purchase and sell commodities in demat form in smaller denominations. Any ban on this segment will hit the crisis-hit NSEL's business further.

Indian Market Closes the Week Lower; Financial Technologies Bleeds More

Jignesh Shah - Financial Technologies

Indian Stock market closed lower on Friday with BSE Sensex losing 153 points to close at 19164. NSE Nifty closed at 5677 after witnessing a decline of 0.87 per cent. Indian currency closed at its lowest level against USD. USD-INR was at Rs 61.10 while EURO-INR was at Rs 81.11. The steps taken by RBI didn’t help the Indian currency.

Financial Technologies inks MoU with IGNOU

financial technologiesFinancial Technologies (FT) has informed that it has tied an alliance with Indira Gandhi National Open University (IGNOU) to promote nation-wide education in financial markets.    

Under the arrangement, Financial Technologies Knowledge Management Company (FTKMC)--a knowledge hub of FT Group and IGNOU, conduct a one-year postgraduate diploma in the financial markets practice through its distance education programme.