1426 companies · 1447 sector slots · 21 sectors · 23 below Rs1000cr and not scanned · long-term lens
Trend Spotlight
Nifty IT's losing streak extends to 8 sessions as frozen US tech budgets show no sign of thawing.
Nifty IT has fallen roughly 11% in September 2026 versus a 6% Nifty 50 decline, with Infosys, Wipro and Tata Elxsi all touching 52-week lows on Sep 29. The proximate driver is a seventh straight month of frozen US corporate tech budgets ahead of the September-quarter results, with brokerages now pricing constant-currency growth for large-caps anywhere from -0.5% to +2.6%. For a long-term holder this reads as continuing client-side caution rather than a new shock — the move itself is already reflected in the sector's -1.48% index figure — but the length of the freeze is worth tracking into results season.
GIFT Nifty points to a mildly positive open despite a hawkish global backdrop; a textile export-incentive decision is due today.
GIFT Nifty traded near 22,991, up ~0.6% pre-open, in tension with negative US futures, a 10-year US Treasury yield near multi-decade highs following the Fed's Sept 16 hike to 3.75-4.00%, and Brent crude near $98-105/bbl on Middle East tensions — all typically headwinds for a net oil-importing, rate-sensitive market. Most Asian markets followed Wall Street lower overnight (Nikkei -1.35%, Kospi -1.07%, Hang Seng -0.95%). Separately, the government's RoSCTL textile-export-incentive scheme reaches its scheduled Sept 30 expiry today with an extension still under consideration but not yet announced — a swing factor for textile exporters either way.
Fii/dii cash flows published after The Close went out, and
is included below. The evening report names what it is
still waiting for, so nothing appears without having been declared missing first.
Calls this session
A change to anything but AVOID publishes only after two consecutive
sessions say the same thing; AVOID publishes at once.
Good business, bad price today (Value 2/5) — PEG n/a; P/E cheaper than 30% of sector peers (P/E 40.07); EV/EBITDA 25.0, B/M 0.107. Watch for a better entry.
Source: NSE event calendar, filtered to the 1426 tracked names.
Market Overview
Index
Close
Points
Change
P/E
P/B
Nifty 50
22,716.20
▼ -64.05
▼ -0.28%
19.20
2.75
Nifty Next 50
69,460.20
▼ -849.30
▼ -1.21%
18.36
3.09
Nifty 500
22,101.00
▼ -131.15
▼ -0.59%
21.42
3.06
Nifty Bank
54,259.95
▼ -211.70
▼ -0.39%
12.84
1.62
NIFTY Midcap 100
59,319.40
▼ -594.80
▼ -0.99%
28.59
4.02
▲ 1039 advancing■ 26 unchanged▼ 1604 decliningof 2669 equities, vs the 2026-09-28 close
Cash market, ₹ crore
FII / FPI net
▼ -9,980.22
bought 22,473 · sold 32,453
DII net
▲ +6,952.71
bought 46,261 · sold 39,308
FII / FPI
DII
Source: NSE ind_close_all_20260929
(levels, index P/E and P/B) and the full-market bhavcopy (breadth).
Index P/E from NSE's official daily index file.
Since We Flagged
The desk's track record — the FIRST call made on each standing name,
against its call today. Entry price is the close on the day of that first call, read
from the cached bhavcopy for that date. "Unchanged" means the original call still
stands.
Nifty IT extends losing streak to 8 sessions as US tech budget freeze continues Information Technology
Nifty IT fell ~1% on Sep 29, its 8th straight losing session (~4% cumulative over the streak), taking the September decline to ~11%. Infosys, Wipro and Tata Elxsi all hit 52-week lows. No new company-specific catalyst surfaced beyond the continuing macro overhang of frozen US corporate tech budgets, now in its 7th month.
RoSCTL export-incentive scheme hits its Sept 30 expiry with an extension decision still pending Textiles & Apparel
The government's RoSCTL scheme for apparel/garment/made-up exporters runs through Sept 30, 2026. Industry is asking for a 5-year extension aligned to the 16th Finance Commission cycle; the Finance Ministry had not announced a decision as of the latest reporting. A lapse would pressure exporter margins; a multi-year extension would be a clear positive.
BlueCloud's US arm bags a $15.5M IBM Cloud AI infrastructure deal Information Technology
Global Impx Inc., BlueCloud's US subsidiary, signed a fixed-fee $15.5M (~₹147cr) Statement of Work with IBM Cloud for AI infrastructure design, deployment and support, work starting Sep 24, 2026 and paid across five milestones. The stock rallied 11.7-16.3% on the news. Q1 FY27 profit rose 24.7% YoY and revenue 42% YoY, a materially positive development against a call that had been stale since a mid-August rating.
Astra Microwave's order book hits a record ₹4,361cr on a new HAL contract Capital Goods
A ₹2,205cr HAL contract for airborne avionics and interface units lifted Astra Microwave's order book to a record ₹4,361cr; the company guides 15% FY27 revenue growth. This is supportive evidence for the ticker's pending BUY->QUALITY-WAIT call confirmation, with no client-loss or governance flag found.
Premier Explosives' Q1 profit plunges 80% on dispatch delays despite a strong defence order book Capital Goods
Q1 FY27 revenue fell 28% YoY to ₹102.6cr and net profit dropped 80.1% YoY to ₹3.1cr, attributed to dispatch and project-execution delays and higher input costs. The order book remains strong at ₹1,393cr (94% defence) with 15-20% FY27 EBITDA margin guidance intact. Separately, the CCI cleared Apollo Micro Systems' acquisition of Premier Explosives (Sep 22) as not a regulated "combination" — an ownership-change event to track.
Entry score is 40% cheap-vs-history + 25% quality trend + 15% technicals, renormalised over those three — the 20% news catalyst is not counted because no research was written for this session. It is not treated as neutral; it is absent. ≥62 accumulate · 45–61 watch · <45 avoid.
Source: data/verdicts.json × NSE sector index closes.
Stocks to Watch
Split evenly across large/mid/small/micro cap so this list isn't one
tier's picks — new calls first, then the highest long-term composites within each.
Micro-cap names are boxed and flagged Highly Volatile — worth
watching, not a call to buy — since their price swings run about twice every other
tier's. Each card shows the figures that selected it — open the desk for the full
six-lens panel.