A rising tide lifts all boats: Market breadth indicator hits 16-year high

Advance/decline ratio for April 2025 currently at 1.59, a level last seen in May 2009

The current market rally is lifting nearly all stocks, with advancing stocks outnumbering decliners by the widest margin in 16 years.

 

The advance/decline ratio (ADR) for April 2025 is currently at 1.59, a level last seen in May 2009. However, with six trading sessions remaining and global volatility persisting, the final ADR for the month could look very different.

 

This month, 2,752 BSE-listed stocks are trading above their March 28 levels, compared to 1,731 trading lower, reflecting strong market breadth despite global trade war concerns weighing on most markets. The ADR has recovered after a prolonged selloff since October, with