The crash in mid- and small-cap shares has broken down the nexus between promoters and stock market operators. Market participants said operators, who have been hand in glove with promoters to drive up market value of the companies, are dumping shares with many cashstrapped promoters unable to buy back shares from these operators. This has precipitated the slide in many of such shares.
BSE Midcap and Smallcap indices have plunged 9 per cent each since beginning of the year as against ha ..