The average advance-to-decline (A/D) ratio has narrowed to 0.871 so far this month. The November’s ratio has declined from an average of 1.27 in the previous month, and it is the lowest reading since 0.821 seen in March 2020 when the Coronavirus pandemic induces a selloff in the world equities market, data showed. A falling ratio shows more stocks – mainly small-caps and mid-caps – are dropping than gaining.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20