PNB Housing Finance was trading 0.89% lower, Indiabulls Housing Finance dipped 2.32%, Dewan Housing Finance rose 2.86%, Mahindra & Mahindra Financial Services fell by 0.74 per cent, Ujjivan Financial Services declined 0.22 per cent and Shriram Transport Finance softened by 0.85% on the BSE.

Five out of six debutants in the top 100 rankings are from the financial services sector.

The stock has risen after four days of consecutive fall and opened with a gain of 3.75% at 2,162.05 level. The large cap stock touched an intra day high of Rs 2,350 or 12.81% higher from its previous close of 2,083 on the BSE. Its market capitalisation rose to Rs 1.33 lakh crore.

Forbes' best employer in the world list also includes Mahindra & Mahindra (rank 55), Grasim Industries (59) and HDFC (91).

Sensing a big opportunity, Jhunjhunwala bought the distressed stock to raise his holding to 1 crore shares for the quarter ending September compared to 86,65,264 shares in the previous quarter.

Default on payments has put NBFCs under scrutiny and exposed the fault lines in the commercial papers they have issued

While the Sensex fell over 1,000 points to 33,723, the Nifty crashed 322 points to 10,138. Over Rs 3 lakh crore of market wealth was eroded in early trade, leaving investors' positions in huge losses.

SBI had said that it was raising the target for purchase of \"good quality\" asset portfolio from NBFCs, \"as it believes that there's good opportunity to expand its loan portfolio at attractive rates\".

India focused private equity firm ChrysCapital Advisors LLP has appointed former SBI chairperson Arundhati Bhattacharya as an advisor.