Advance-decline ratio skids to 1.02 in October as FPIs step up selloff

Advance-decline ratio skids to 1.02 in October as FPIs step up selloff

The advance-decline ratio (ADR), a barometer for overall market sentiment, dropped to 1.02 in October, as overseas funds stepped up selling. This was the lowest level since March, with gainers exceeding losers by only 42, compared with an average of 275 in the previous six months.   Elevated US bond yields and persisting [...]