Dec 26, 2006

Financial technologies updates

The Reserve bank of India (RBI) today evening said it will allow up to 49 percent foreign investment in stock exchanges, paving way for the likes of New York Stock Exchange to expand into one of Asia's best performing markets. This could benefit a lot to a company like FINANCIAL TECHNOLOGIES (INDIA) LTD which owns MCX and DCGX exchanges.We have recommended this stock and we are expecting strong upmove in this counter on tuesday morning.We maintain our target of Rs2000 to 2500 in a year time period

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