On Monday, 2025 stocks advanced, 1661 declined and 201 remained unchanged, with an advance decline ratio of 1.22 on the Bombay Stock Exchange (BSE), indicating a positive closing of stocks in broader markets. Strong results in the pharma and IT industries helped the Indian market start the week with modest gains. The market was cautious due to the upcoming release of inflation data and the RBI s monetary policy.
On Wednesday, 2028 stocks advanced, 1560 declined and 155 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.3 indicating a positive closing of stocks in broader markets. As investors anticipated inflation data for both India and the US, the domestic market began to take a defensive attitude. The market s mood was impacted by China s deflationary trend and the downgrading of US mid and small-sized banks. However, a good uptick in the European market and the expectation that an upbeat RBI policy would not have an adverse effect on local economic development helped a late recovery in the domestic market.