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Stock market: Sensex off to a tepid start, Nifty50 tests 10,400

63 Moons climbs 5% as company moves HC to defreeze accounts

The domestic equity market opened on a flat note on Thursday. At 09:19 am, the S&P BSE Sensex was trading 7 points lower at 33,932 while the broader Nifty50 index of National Stock Exchange (NSE) slipped below the crucial 10,400 level to 10,397, down 19 points.

Shares of 63 Moons Technologies climbed 5 per cent in Thursday’s trade on reports that the company has moved against Maharashtra government’s directives to freeze the operating accounts of the company.

The state government attached the operating accounts and intellectual property rights of a market trading technology product Odin of the parent company of the scam-hit National Spot Exchange (NSEL).

The freezing of the company’s running accounts makes it difficult for 63 Moons to meet its statutory dues and pay salaries in the coming months.

The freeze on Odin’s IPR means that funds accruing to the company from sale of trading technology terminals to brokers would also not be accessed, reported. It also means the company will potentially be unable to sell the technology to a third party.

Following the development, the stock rose 5.07 per cent to hit a high of Rs 100.55 on BSE around 9.50 am (IST).

The attachment follows complaints by “a number of depositors” against NSEL, the state government note dated April 4 said.

63 Moons, formerly Financial TechnologiesNSE 4.30 %, had said in a press conference Wednesday that it would move court against the Maharashtra government order.

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Stock market: Sensex off to a tepid start, Nifty50 tests 10,400
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Opinion Poll
With assembly election ahead With assembly election ahead, well known Digital Media platform has decided to gauge the mood of Chhattisgarh through its own opinion poll. As an aware voter and stakeholder of the democratic process, kindly do answer the following questions so that prevailing mood of state can be ascertained.
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ओपिनियन पोल
छत्तीसगढ़ की आगामी विधानसभा चुनाव के लिए डिजिटल मीडिया ‘’ नेसटीक ओपिनियन पोल करनेका निश्चय किया है. अतः आप नीचे दिए सवालों के निष्पक्ष जवाब देंताकि राज्य की आने वाले दिनों की सही सियासी तस्वीर सामनेआ सके. कृपया अपना मत जरूर दें- With assembly election ahead
विधानसभा क्षेत्र
फ़ोन नं
विधानसभा चुनाव में सबसे बड़ी पार्टी कौन सी होगी ?
किस पार्टी को ज्यादा सीटें मिलेगी?
अगले मुख्यमंत्री के रूप में किसे देखना चाहेंगे?
क्या आपके क्षेत्र में विकास दिखाई पड़ रहा है?
क्या छत्तीसगढ़ का किसान भाजपा शासन से संतुष्ट है?
जो रोजगार छत्तीसगढ़ सरकार ने दिया, क्या उससे युवा वर्ग संतुष्ट है?
राज्य सरकार ने महिलाओं के सशक्तिकरण के लिए जो किया, उससे महिलाएं संतुष्ट हैं?
क्या आप अपने विधायक से संतुष्ट हैं? उन्होंने अपने वादे पूरे किए या अधूरे हैं उनके काम?
क्या आप अपने क्षेत्र की सरकारी सुविधाओं सेसंतुष्ट हैं?
क्या नक्सली समस्या पर नियंत्रण हुआ है?
क्या प्रदेश के मंत्रियों के कामकाज से संतुष्ट हैं?
-देश हित के लिए मतदान अवश्य करें-

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