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“The weakness in mid and smallcaps would continue, they are giving a lead indication that this fall is going to get bigger than it already is. On Nifty, we are looking at around 16,600 as our best case scenario if there is any bounce back in the market. On the downside, we are looking at the 15,400-14,800 range.”

Barua said Sebi is also looking at implementing other measures as announced in the annual budget by Finance Minister Nirmala Sitharaman.

A total of 31,558 shares changed hands on the counter till 01:18PM (IST).

With $7.7 billion in dollar bonds, Sunac is the fourth-largest issuer among Chinese developers, according to data from Duration Finance.

As of 31-Mar-2022, promoters held 0.0 per cent stake in the company, while FIIs held 12.96 per cent and domestic institutional investors had 7.53 per cent.

​​"Management committee of the Company, at its meeting held today approved allotment of the equity shares of Company by way of the private placement on a preferential issue basis to Green Energy Investment Holding RSC Ltd," a BSE filing said.

The stock is trading well above crucial short and long-term moving averages which is a positive sign for bulls.

The company has reserved 75 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15 per cent allocation. The remaining 10 per cent of shares will be given to the retail bidders.

“Could equity markets fall further? They may fall further with the different kind of stuff which is happening around us in the global markets but then we would basically be very clear that if we have another 5% fall from here, the markets will be in a significantly undervalued zone. ”

A total of 22,024 shares changed hands on the counter till 12:48PM (IST)