Investors are increasingly bullish on mid and small-cap stocks, reflecting a notable shift in market sentiment. The Advance-Decline Ratio has shown resilience for the past two months, leading to record highs in midcap and smallcap indices. Meanwhile, large-cap stocks are grappling with foreign selling pressure, suggesting that mid and small caps may continue to shine in the near future.
Investors are increasingly bullish on mid and small-cap stocks, reflecting a notable shift in market sentiment. The Advance-Decline Ratio has shown resilience for the past two months, leading to record highs in midcap and smallcap indices. Meanwhile, large-cap stocks are grappling with foreign selling pressure, suggesting that mid and small caps may continue to shine in the near future.
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The Advance-Decline Ratio (ADR), a widely watched indicator of overall market health, was above one for May, pointing to growing investor confidence in mid and small-cap stocks despite weakness in the headline index.The monthly average ADR reading of all BSE stocks continued to remain strong as the ratio remained above one for two consecutive months. In May, the ratio was at 1.06 while the reading was at 1.5 in April, the highest since June 2020 in nearly six years. In June, the ratio has advan…
