Widening for the fourth consecutive month, the average advance-decline ratio has fallen to around 0.7 so far this month. February’s reading has further softened from 0.76 in January 2023, 0.87 in December 2022 and 0.95 in November 2022.
Sensex falls over 100 pts, Nifty below 22,550 as market heads for 8th weekly loss, overtaking COVID crash. More pain ahead?
Indian equity benchmarks Sensex and Nifty fell for a fourth straight session on Thursday, heading for their eighth consecutive weekly loss. Driven by intense FII