The Indian stock market managed to retain its upward momentum for a second consecutive session on Friday, bolstered by encouraging cues from Asian markets. Additionally, the Reserve Bank of India s (RBI) decision to keep policy rates steady during the Monetary Policy Committee (MPC) meeting added to the positive sentiment and garnered investor approval.
On Wednesday, 1295 stocks advanced, 2387 declined and 113 remained unchanged, with an advance decline ratio of 0.54 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets.