The start of the week witnessed a market-wide decline, particularly hitting small caps hard. On Monday, 2986 stocks saw a decline on the BSE (Bombay Stock Exchange). However, there was some stabilization observed as 1935 stocks traded flat on Wednesday
On Wednesday, 1162 stocks advanced, 841 declined and 1935 remained unchanged, with an advance decline ratio of 1.38 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
Investors opted for profit booking in the banking sector as the Reserve Bank of India (RBI) introduced new norms for personal loans, signalling potential challenges for lending institutions. RBI tightened the risk weightage norms for banks and non-banking financial companies (NBFCs) aimed at curbing unrestricted growth in unsecured loans.
On Monday, 1734 stocks advanced, 2096 declined and 145 remained unchanged, with an advance decline ratio of 0.82 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets.