April's performance was marked by a sharp recovery in benchmarks, with both the Sensex and Nifty gaining 3.5 percent. The BSE MidCap and SmallCap indices also showed strength, rising by 3.2 percent and 1.6 percent respectively.
The ratio, which measures the number of rising stocks against those declining, has dropped to 0.82 in January -- the lowest since February 2023.
The advance-decline ratio, which measures the number of rising stocks versus the falling ones, is pegged at 1.33 for the current month till date. This is the highest level seen on BSE since April 2023
So far today. on the BSE, out of 3.838 stocks, 422 rose, 3.340 fell, and 76 remained unchanged. Today's ratio stands at 0.13, compared to 0.28 on March 12 and 0.39 on March 11. In March, only four days recorded a ratio above 1, with the remaining days trading below 1.
The average advance-to-decline ratio in February stood at 0.95 times. This level was seen last in March 2023 and since April, it stayed above 1 riding on robust economic fundamentals and participation of foreign investors. Analysts further said that the reasons for the current market correction can be also be attributed to the sharp rise of 17.5 percent within a short time span - from November2023 to mid-January 2024
Analysts said this indicates that the mood is increasingly becoming bearish.
The average advance-to-decline ratio of all BSE stocks in September stood at 1.20 — the highest level since April 2023
Nifty and Sensex gain 0.5%; Bank Nifty up 1%
The European markets threw sparks of excitement in the last half-an-hour of the day‘s session, highlights Udayan Mukherjee, managing editor, CNBC-TV18