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Warning sign! A share market crash is in the making


Warning! A share market correction is in the making
Only 837 stocks managed to close in green today while 2,138 scrips ended lower over previous day s close, translating into an advance-decline ratio of 0.39, the lowest in almost two months
Niti Kiran | March 17, 2021 | Updated 23:20 IST
Deeply negative advance decline ratio is indicative of minor panic
Indian equities remained in negative territory for the fourth consecutive session, cumulatively falling around 1,478 points. This broad-based sell-off was clearly evident in the market breadth as only 837 stocks managed to close in green while 2,138 scrips ended lower over their previous day s close, thereby translating into an advance-decline ratio of 0.39, the lowest in almost two months. Last time, when this ratio had hit a low of 0.35 on December 21, 2020, the Sensex tanked a little over 1,400 points. The blue-chip index was down 562 points and closed below the crucial 50,000 mark yet again on Wednesday. ....

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