Chidambaram also asked investors not to sell stocks in panic. The minister's comments came after the main stock index plunged to its lowest since June 2006 amid a gloomy global economic outlook. Markets recovered after the finance minister"s statement and were also helped by the Sebi directive to FIIs to reverse short positions. A positive opening on the European bourses also aided the positive sentiment. Gains in technology and consumer durables led the upmove.