Financial Technologies shares fell by 14 per cent in the intra-day trade, but closed 6.43 per cent lower on BSE at Rs 141.10 apiece.
Shares of the Multi Commodity Exchange of India (MCX) today fell by 5 per cent to Rs 382.05 per share, to hit its lowest trading permissible limit for the day.
NSEL has been engulfed by a payment crisis of Rs 5,500 crore to be paid to 13,000 investors after the exchange halted trade following government direction.
Financial Technologies India (FTIL) Chairman and CEO Jignesh Shah blamed 23 members who have defaulted on payments for the crisis and said the focus should be on recovering this money from them.
"...It is those 23 members who are at default and we have initiated the default proceeding on the same," Shah told a news channel.
Meanwhie, MCX shares also fell because of exclusion of MCX from Morgan Stanley Capital International's small cap indices.
"MCX shares will be deleted from the MSCI global small cap indices with effect from Wednesday," Morgan Stanley Capital International (MSCI) had said on Friday.
MSCI is a leading provider of benchmark indices globally.