The advance-decline ratio — a extensively watched indicator of the general market well being — on Wednesday hit its lowest in two years, and the fourth lowest since 2010, pointing to panic within the broader market.
Out of the three,976 shares traded on the BSE, 3,569 fell, whereas 350 rose. The carnage in these segments has resulted in 50 shares with market capitalisation exceeding Rs 500 crore tumbling between 25% and 65% in March thus far.
Round 130 shares are down 20% to 25% throughout this era. The worst-hit sectors on Wednesday have been realty, vitality, commodities, utilities, and energy. A few of these sectors or themes have been the highest performers on Dalal Avenue prior to now six months.