On Monday, 2305 stocks advanced, 1439 declined and 197 remained unchanged, with an advance decline ratio of 1.60 on the Bombay Stock Exchange (BSE), indicating a positive closing of stocks in broader markets. Markets continued to rally despite turbulence and gained nearly half a percent. Recent domestic macroeconomic data releases have painted a favourable picture for the domestic markets, enabling them to maintain their momentum.
On Tuesday, 2141 stocks advanced, 1532 declined and 144 remained unchanged, with an advance decline ratio of 1.40 indicating a positive closing of stocks. Markets rose for a third consecutive session. The service PMI for India is still strong at 60.2, indicating persistent demand despite inflationary headwinds.