![Asla – Watan Sahi [Official MV] Latest Punjabi Song – K Million Music](https://i.ytimg.com/vi/sCuLojys0n4/maxresdefault.jpg "Asla – Watan Sahi [Official MV] Latest Punjabi Song – K Million Music")
A little over 2,400 BSE-listed stocks ended with gains in April amid a sharp rebound in the broader markets from the March lows.
This was the highest number of stocks that rose during a calendar month, as per data provided on BSE’s website.
The previous high was 2,322 gainers recorded in January.
The advance decline ratio (ADR) for April was 1.28 per cent, best in 12-months.
ADR is an indication of market breadth or the underlying sentiment in the broader market.
In the previous two months, the ADR was less than one, with declining stocks outnumbering those advancing.
More than 2,000 BSE-listed stocks ended with losses in both February and March.
Previously, 2,000 stocks ending with losses for two or more straight months were during Feb-April 2023.
Following a sharp selloff in smallcaps in March amid valuation concerns and a warning by market regulator Securities and Exchange Board of India (Sebi) over a “bubble” built up, stocks staged a strong rebound in April.
While the benchmark Sensex and the Nifty gained only about a per cent, the Nifty Smallcap 100 index rose 11.4 per cent, while the Nifty Midcap 100 gained 5.8 per cent in April.
Among the major gainers were stocks in the metal, PSU banking and realty space.
The average number of stocks gaining each month in FY24 on the BSE stood at 2,158, up from 1,924 in FY23.
