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Number of stocks hitting 52-week lows outnumber stocks at 52-week highs even as markets rebound

Investors are increasingly shifting their focus towards large-cap and high-quality mid-cap stocks, amidst market volatility, data reveals. While on May 5 market breadth climbed to its highest since April 21, the rally remains narrow, revealing a selective bias favouring fundamentally strong and liquid companies.  Benchmarks have recovered steadily in April following a sharp correction from late September 2024.