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Indices extend gains to 6th day

Business Standard

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April 23, 2025

Advance/decline ratio for April 2025 currently at 1.59, a level last seen in May 2009

- SUNDAR SETHURAMAN

Indices extend gains to 6th day

The current market rally is lifting nearly all stocks, with advancing stocks outnumbering decliners by the widest margin in 16 years.

The advance/decline ratio (ADR) for April 2025 is currently at 1.59, a level last seen in May 2009. However, with six trading sessions remaining and global volatility persisting, the final ADR for the month could look very different.

This month, 2,752 BSE-listed stocks are trading above their March 28 levels, compared to 1,731 trading lower, reflecting strong market breadth despite global trade war concerns weighing on most markets. The ADR has recovered after a prolonged selloff since October, with February's ratio falling to its lowest point since March 2020.

"We saw a steep, broad-based decline since September, with unprecedented corrections in individual stocks. The rebound from such levels naturally drives strong moves in individual stocks," said Chokkalingam G, cofounder of Equinomics Research.

The sharp turnaround in the market comes after the benchmark indices dropped to their lowest levels since June on April 7. Since then, the Sensex and the Nifty have climbed over 10 per cent.

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