In the past week, the market experienced some turbulence, particularly on Wednesday when a significant dip was observed, impacting small- and mid-cap stocks. Approximately 668 stocks suffered a decline of more than 4.5%.
On Monday, 2173 stocks advanced, 1714 declined and 141 remained unchanged, with an advance decline ratio of 1.26 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
Investors in India rode the sleigh of a dovish U.S. Federal Reserve, which hinted at three rate cuts in 2024, leading to a global surge in equities. On December 15, the Indian market joined the global rally, marking another session of bullish momentum.