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 we noted that the market was under pressure. On Tuesday we said the market is struggling to head higher. On Wednesday, the market fell heavily with small- and mid-cap stocks getting crushed. In BSE 659 stocks advanced, 3177 declined and 86 remained unchanged, with an advance decline ratio of 0.20 on the Bombay Stock Exchange (BSE), indicating deeply negative closing of stocks in broader markets.
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