1443 companies · 1464 sector slots · 21 sectors · 7 below Rs1000cr and not scanned · long-term lens
Trend Spotlight
Nifty IT surged 3.5% -- its sharpest single-day gain in months -- as Nvidia's Q2 results eased fears over global AI infrastructure spending.
TCS, HCLTech, Infosys, Wipro and Tech Mahindra all rallied as Nvidia's strong results and upbeat outlook renewed confidence that global AI capex remains robust, lifting Nifty IT to 31,281.70. It is a genuine sentiment positive, but a global read-through rather than an India-specific fundamental shift -- it does not resolve the sector's own open claim that large-caps have merely maintained, not raised, FY27 guidance despite strong bookings, and HCLTech's own Q1 results this quarter held guidance flat.
GIFT Nifty points to a weak open as a hawkish Fed and renewed US-Iran tensions weigh on global risk appetite.
GIFT Nifty September futures were down 51 points and US futures pointed lower after Fed Chair Kevin Warsh's hawkish Jackson Hole remarks lifted September rate-hike odds to roughly 57% and pushed Treasury yields higher. Crude stays elevated on the US's ongoing Strait of Hormuz blockade, keeping pressure on the rupee (~95.7/USD). Domestically, the RBI held the repo rate at 5.25% for a fourth straight meeting and raised its FY27 GDP growth forecast to 6.7%, while FPI flows have turned net positive for a second straight month (Rs 18,790 crore bought in August through the 28th).
Fii/dii cash flows and the official index p/e published after The Close went out, and
are 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 44% of sector peers (P/E 39.56); EV/EBITDA 40.1, B/M 0.074. Watch for a better entry.
Good business, bad price today (Value 2/5) — PEG 1.11; P/E cheaper than 20% of sector peers (P/E 25.13); EV/EBITDA 17.1, B/M 0.139. Watch for a better entry.
Good business, bad price today (Value 2/5) — PEG 5.71; P/E cheaper than 40% of sector peers (P/E 45.68); EV/EBITDA 28.5, B/M 0.166. Watch for a better entry.
Source: NSE event calendar, filtered to the 1443 tracked names.
Market Overview
Index
Close
Points
Change
P/E
P/B
Nifty 50
24,175.65
▲ +84.80
▲ +0.35%
20.44
2.93
Nifty Next 50
74,159.15
▼ -188.30
▼ -0.25%
19.60
3.30
Nifty 500
23,528.55
▲ +46.55
▲ +0.20%
22.86
3.28
Nifty Bank
57,496.30
▼ -13.65
▼ -0.02%
13.60
1.72
NIFTY Midcap 100
64,069.50
▲ +34.05
▲ +0.05%
30.88
4.43
▲ 1348 advancing■ 38 unchanged▼ 1230 decliningof 2616 equities, vs the 2026-08-27 close
Cash market, ₹ crore
FII / FPI net
▼ -5,039.80
bought 13,264 · sold 18,303
DII net
▲ +5,183.93
bought 16,539 · sold 11,355
FII / FPI
DII
Source: NSE ind_close_all_20260828
(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.
HCLTech held FY27 guidance flat despite record Q1 bookings and 62% AI revenue growth. Information Technology
HCLTech kept its FY27 constant-currency revenue growth guidance (1.0%-4.0%) and EBIT margin band (17.5%-18.5%) unchanged at Q1 FY27 results, the same range set back in April, even after record bookings and 62% YoY AI revenue growth. Management is being read as cautious that bookings will take time to convert into faster revenue -- consistent with the sector's open claim that no large-cap has raised FY27 guidance this season.
SAIL leads a broad metal-sector rally on a Q1 profit surge and rising global steel/base-metal prices. Metals & Mining
SAIL's Q1 FY27 net profit jumped 120.8% YoY to Rs 1,644 crore, and the stock led metal-sector gains in late August as steel, copper, aluminium and zinc prices climbed globally, also lifting Hindalco and Welspun Corp. It is a real positive backdrop for a sector that only flips to AVOID on a negative catalyst, though the pending MSPL BUY->HOLD downgrade shows the tailwind is not lifting every name uniformly.
RBI holds repo rate at 5.25% for a fourth straight meeting, raises FY27 GDP growth forecast to 6.7%.
The MPC unanimously kept the repo rate unchanged and retained a neutral stance, while raising the FY27 GDP growth forecast to 6.7% (from 6.6%) on resilient domestic demand and exports. FY27 CPI inflation is projected at 5.0%, with a Q3 peak of 5.9%; Governor Sanjay Malhotra attributed June's above-target print to temporary supply-side factors rather than broader price pressure.
PNB and South Indian Bank's Q1 FY27 results extend the small/mid-cap bank asset-quality recovery. Banks
PNB's Q1 FY27 standalone net profit more than tripled YoY to Rs 5,253 crore with gross NPA improving to 2.78%. South Indian Bank's Q1 showed net NPAs below pre-COVID levels, credit costs down to 9bps and slippages at an all-time low of 0.12% of advances, ahead of its October CEO transition. Both continue, rather than newly establish, the sector's Q1 recovery-breadth thesis -- no Q2 data has landed yet to test it.
Lupin's US price-erosion trough is set to deepen in Q2/Q3 FY27 before an FY28 recovery. Pharmaceuticals
Management guides quarterly US sales of $250-300 million near-term, down from $366 million in Q1 FY27, as Tolvaptan and Mirabegron generic competition intensifies through Q2/Q3 -- worse before better, matching the company's own framing rather than a surprise. Analysts stay constructive on a medium-term recovery from FY28 on upcoming complex-generic and biosimilar launches.
Entry score is 40% cheap-vs-history + 25% quality trend + 20% news catalyst + 15% technicals, for the 4 sectors with a researched catalyst. The other 17 show —: no catalyst was researched for them, so their score renormalises over the remaining three inputs rather than assuming a neutral headline. ≥62 accumulate · 45–61 watch · <45 avoid.
Source: data/verdicts.json × NSE sector index closes.
Stocks to Watch
Split 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.
Each shows the figures that selected it — open the desk for the full six-lens panel.