A group scrips find favour on the Street

 Market sources said the reason for the development was that most A group companies had come out with better-than-expected results and even institutions were showing a lot more appetite for the stocks. The same trend was also seen in derivatives.

 According to data compiled by the Business Standard Research Bureau, on July 23, the advances in A group stocks stood at 136 and the declines stood at 62, giving an advance-decline ratio of almost 2:1. Against this, advances of B group stocks on the same day stood at 917 and declines at 685.

 On July 24, there were 149 advances in the A group and there were only 46 declines. Against this, there were 921 stocks with gains in the B group and 705 with losses.

 On Friday July 25, the advances in A group stocks stood at 153 and the declines at 46. The B group stocks advances on this same day stood at 1,046 and the declines stood at 645. Strong results by A group companies resulted in their scrips rising significantly compared with B group stocks.

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