Market Markets stage sharp recovery after early slide, aided by state election results Updated : December 11, 2018 01:53 PM IST Markets initially plunged in reaction to Reserve Bank of India Governor Urjit Patel's unexpected resignation late on Monday, which shocked many investors. "Patel's resignation bodes poorly for macroeconomic and financial stability in India," Fitch Solutions Macro Research, a unit of Fitch Group, said in a note on Tuesday. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.