Also credited for scripting revival of troubled institutions like IDBI and UTI, former Sebi chairman Meleveetil Damodaran, in his new role as the founder chairperson of niche c
Faced with a choppy market and prolonged downturn, investors are looking for safer bets in the equity market.
The market witnessed a huge sell off with the Sensex down 572 points or 1.59 per cent to settle at 35,312.13, while the Nifty 50 fell 181.75 points or 1.69 per cent to settle at 10,601.15.
The market rebounded after three-day losing spree with the Sensex rising 373.06 points or 1.07 per cent to settle at 35,354.08.
The market ended lower for third day in a row. The Sensex lost 218.78 points or 0.62 per cent and closed at 34,981.02 while the Nifty lost 73.30 points or 0.69 per cent to settle at 10,526.75.
The market fell sharply on the back of heavy selling in heavyweights like Reliance Ind, HDFC, and SBI.
The market gained sharply on strong buying in frontline stocks with the Sensex surging 317 points, or 0.90 per cent, to settle at 35,774.
Benchmark indices made a smart recovery in the afternoon session after struggling in early trade tracking overnight selloff in the global market.
The market witnessed heavy selling with the Sensex losing 345 points, or 0.98 per cent, to 34,812.99. The Nifty fell 103 points, or 0.97 per cent to 10,482.20.
The steep correction in mid- and small-cap stocks over the last six months has significantly brought down valuation premia of the segments over the Nifty-50.