The FOMC raised rates 25bp on September 15-16, with 16 of 18 policymakers projecting at least one more hike this year — a reminder that the rate-cut cycle long-term investors had priced in is not straightforward. Markets took it in stride: the Nasdaq rebounded 1.7% on September 17 and the 10-year Treasury yield eased off its 19-year high of 5.04%. For Indian holders, the more immediate read-through is that both crude and the rupee's recent adverse moves paused alongside it, giving near-term relief rather than a new overhang.
| Index | Close | Points | Change | P/E | P/B |
|---|---|---|---|---|---|
| Nifty 50 | 23,346.40 | ▲ +75.80 | ▲ +0.33% | 19.74 | 2.82 |
| Nifty Next 50 | 72,025.40 | ▲ +881.40 | ▲ +1.24% | 19.04 | 3.21 |
| Nifty 500 | 22,840.55 | ▲ +185.90 | ▲ +0.82% | 22.13 | 3.17 |
| Nifty Bank | 56,358.70 | ▲ +302.95 | ▲ +0.54% | 13.33 | 1.69 |
| NIFTY Midcap 100 | 62,191.25 | ▲ +759.15 | ▲ +1.24% | 29.97 | 4.26 |
Source: NSE ind_close_all_20260918
(levels, index P/E and P/B) and the full-market bhavcopy (breadth).
Index P/E from NSE's official daily index file.
This session's index move, next to the desk's standing stance. The stance is a valuation-and-quality reading over years — it does not move because an index had a good day. Sectors with no listed NSE index show — for the session columns; the stance still applies.
| Sector | Index | Session | Idx P/E | Stance |
|---|---|---|---|---|
| Hospitality & Tourism Nifty India Tourism · 9 researched | 7,873.55 | ▲ +2.53% | 88.8 | WATCH |
| Metals & Mining Nifty Metal · 12 researched | 13,052.60 | ▲ +1.51% | 15.9 | WATCH |
| Realty Nifty Realty · 5 researched | 844.20 | ▲ +1.19% | 35.9 | WATCH |
| Energy & Power Nifty Energy · 14 researched | 37,773.55 | ▲ +1.05% | 14.7 | WATCH |
| Financial Services Nifty Financial Services · 9 researched | 25,510.00 | ▲ +0.76% | 15.7 | WATCH |
| Banks Nifty Bank · 13 researched | 56,358.70 | ▲ +0.54% | 13.3 | AVOID |
| Healthcare & Hospitals Nifty Healthcare Index · 4 researched | 16,613.90 | ▲ +0.51% | 43.5 | WATCH |
| Pharmaceuticals Nifty Pharma · 18 researched | 26,710.10 | ▲ +0.49% | 41.4 | WATCH |
| Automobiles Nifty Auto · 32 researched | 27,129.00 | ▼ -0.11% | 31.5 | WATCH |
| FMCG Nifty FMCG · 6 researched | 45,466.80 | ▼ -0.23% | 31.5 | WATCH |
| Information Technology Nifty IT · 17 researched | 28,854.55 | ▼ -1.03% | 18.4 | WATCH |
| Construction & Materials no listed index · 8 researched | — | — | — | ACCUMULATE |
| Capital Goods no listed index · 13 researched | — | — | — | WATCH |
| Chemicals no listed index · 5 researched | — | — | — | WATCH |
| Commercial Services no listed index · 4 researched | — | — | — | WATCH |
| Diversified & Other no listed index · 1 researched | — | — | — | WATCH |
| Logistics & Transport no listed index · 5 researched | — | — | — | WATCH |
| Packaging & Plastics no listed index | — | — | — | WATCH |
| Retail & Consumer no listed index · 2 researched | — | — | — | WATCH |
| Telecom & Media no listed index · 3 researched | — | — | — | WATCH |
| Textiles & Apparel no listed index · 3 researched | — | — | — | WATCH |
Largest moves among the 1430 tracked names this session, against the 2026-09-17 close.
| Company | Call | Prev | Close | Move |
|---|---|---|---|---|
| Timex Group India Ltd TIMEX | QUALITY-WAIT | ₹611.10 | ₹714.20 | ▲ +16.87% |
| Sambhv Steel Tubes Ltd SAMBHV | HOLD | ₹129.09 | ₹147.57 | ▲ +14.32% |
| Avalon Technologies Ltd AVALON | HOLD | ₹2,230.00 | ₹2,537.70 | ▲ +13.80% |
| Adani Total Gas Ltd ATGL | HOLD | ₹587.00 | ₹660.70 | ▲ +12.56% |
| NRB Bearings Ltd NRBBEARING | HOLD | ₹472.20 | ₹525.50 | ▲ +11.29% |
| Tata Chemicals Ltd TATACHEM | HOLD | ₹779.30 | ₹693.25 | ▼ -11.04% |
| Relaxo Footwears Ltd RELAXO | HOLD | ₹313.70 | ₹291.25 | ▼ -7.16% |
| Go Digit General Insurance Ltd GODIGIT | AVOID | ₹255.50 | ₹239.00 | ▼ -6.46% |
| Route Mobile Ltd ROUTE | HOLD | ₹492.60 | ₹464.40 | ▼ -5.72% |
| Uniparts India Ltd UNIPARTS | HOLD | ₹878.05 | ₹831.50 | ▼ -5.30% |
A change to anything but AVOID publishes only after two consecutive sessions say the same thing; AVOID publishes at once.
| Ticker | Close | Published | Pending | Note | |
|---|---|---|---|---|---|
| ABBOTINDIA | ₹27,270.00 | BUY | → | QUALITY-WAIT | if next session holds |
| ASHAPURMIN | ₹525.35 | HOLD | → | BUY | if next session holds |
| ASHIANA | ₹354.75 | HOLD | → | QUALITY-WAIT | if next session holds |
| AVL | ₹636.95 | AVOID | → | HOLD | if next session holds |
| BHARATFORG | ₹1,962.10 | HOLD | → | QUALITY-WAIT | if next session holds |
| BHEL | ₹439.90 | HOLD | → | QUALITY-WAIT | if next session holds |
| BUTTERFLY | ₹585.80 | HOLD | → | QUALITY-WAIT | if next session holds |
| CANBK | ₹123.78 | BUY | → | HOLD | if next session holds |
| CARERATING | ₹1,668.60 | HOLD | → | BUY | if next session holds |
| DCBBANK | ₹218.35 | BUY | → | HOLD | if next session holds |
| GILLETTE | ₹7,073.00 | QUALITY-WAIT | → | BUY | if next session holds |
| IGIL | ₹330.95 | BUY | → | QUALITY-WAIT | if next session holds |
| JAMNAAUTO | ₹125.03 | BUY | → | HOLD | if next session holds |
| JTLIND | ₹87.67 | AVOID | → | HOLD | if next session holds |
| JUBLFOOD | ₹500.00 | HOLD | → | QUALITY-WAIT | if next session holds |
| KRN | ₹1,446.20 | AVOID | → | HOLD | if next session holds |
| MANINDS | ₹851.55 | HOLD | → | QUALITY-WAIT | if next session holds |
| NAVINFLUOR | ₹8,590.00 | HOLD | → | QUALITY-WAIT | if next session holds |
| NRBBEARING | ₹525.50 | HOLD | → | BUY | if next session holds |
| PINELABS | ₹192.04 | AVOID | → | HOLD | if next session holds |
| SHRIPISTON | ₹4,576.60 | BUY | → | QUALITY-WAIT | if next session holds |
| STYLAMIND | ₹3,295.50 | BUY | → | QUALITY-WAIT | if next session holds |
| TTKPRESTIG | ₹530.85 | QUALITY-WAIT | → | HOLD | if next session holds |
Higher energy prices tied to the Middle East conflict and food inflation running at 5.95% drove the headline rate higher. The RBI held its repo rate at 5.25% at its June meeting but raised its FY27 CPI forecast to 5.1% from 4.6%, signaling rising concern even with policy on hold for now.
Container Corporation of India lifted its FY27 guidance from EXIM 8%/domestic 15%/overall 9.5% to EXIM 15%/domestic 25%/overall 18% at its Q1 update, after initially guiding conservatively on geopolitical risk. No client-loss or governance flags were found alongside the upgrade.
Skipper's order book grew from ₹8,502cr in March to over ₹10,000cr, with export order-inflow guidance more than doubled to ₹1,500cr and full-year order-inflow guidance raised to ₹7,500cr. No client-loss or governance issues surfaced.
Post-IPO FY26 operating revenue rose to Rs 2,179.2cr (+63% YoY) with profit up nearly 75% to Rs 281cr — the post-IPO data point that directly answers whether FY25's 20% revenue decline was a one-off reset or a continuing deceleration. Single-sourced (Entrackr); a second source was not found.
Revenue rose 7.9% YoY to ₹32,493cr with tower count up 5.9% and colocations up 5.4%, but PAT fell 28% YoY over the same period — a divergence the available reporting did not explain (no detail on one-off charges, tax, or Vodafone Idea-related provisioning). Worth flagging against the BUY case even though no client loss was reported.
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.
| Sector | Stance | Entry | Cheap | Quality | Tech | News | Index | Idx P/E | B/W/H/A |
|---|---|---|---|---|---|---|---|---|---|
| Information Technology 75 scanned · 17 researched | WATCH | 60.6 | 60.6 | 78.5 | 31.0 | — | ▼ -1.03% | 18.4 | 5/9/54/7 |
| Banks 40 scanned · 13 researched | AVOID | 44.6 | 32.5 | 52.3 | 63.9 | — | ▲ +0.54% | 13.3 | 2/0/29/9 |
| Pharmaceuticals 85 scanned · 18 researched | WATCH | 46.0 | 21.2 | 72.0 | 68.6 | — | ▲ +0.49% | 41.4 | 6/19/49/11 |
| Automobiles 109 scanned · 32 researched | WATCH | 50.7 | 27.5 | 78.6 | 66.2 | — | ▼ -0.11% | 31.5 | 15/20/63/11 |
| FMCG 104 scanned · 6 researched | WATCH | 58.2 | 53.8 | 68.9 | 52.1 | — | ▼ -0.23% | 31.5 | 3/21/62/18 |
| Metals & Mining 83 scanned · 12 researched | WATCH | 52.4 | 38.6 | 67.9 | 63.4 | — | ▲ +1.51% | 15.9 | 8/9/48/18 |
| Realty 38 scanned · 5 researched | WATCH | 53.1 | 55.4 | 52.0 | 48.6 | — | ▲ +1.19% | 35.9 | 1/1/16/20 |
| Energy & Power 83 scanned · 14 researched | WATCH | 53.0 | 43.5 | 63.4 | 61.0 | — | ▲ +1.05% | 14.7 | 5/6/40/32 |
| Financial Services 149 scanned · 5 ranked elsewhere · 9 researched | WATCH | 50.6 | 51.2 | 43.3 | 61.0 | — | ▲ +0.76% | 15.7 | 4/4/92/49 |
| Healthcare & Hospitals 58 scanned · 16 ranked elsewhere · 4 researched | WATCH | 46.3 | 21.9 | 73.8 | 65.6 | — | ▲ +0.51% | 43.5 | 5/15/33/5 |
| Hospitality & Tourism 38 scanned · 9 researched | WATCH | 59.3 | 56.9 | 67.4 | 52.0 | — | ▲ +2.53% | 88.8 | 4/4/20/10 |
| Chemicals 99 scanned · 5 researched | WATCH | 58.4 | 53.0 | 68.7 | 55.6 | — | — | — | 2/10/64/23 |
| Construction & Materials 125 scanned · 8 researched | ACCUMULATE | 62.3 | 72.6 | 60.8 | 37.6 | — | — | — | 5/9/69/42 |
| Capital Goods 103 scanned · 13 researched | WATCH | 51.8 | 31.0 | 78.5 | 62.8 | — | — | — | 11/13/64/15 |
| Textiles & Apparel 47 scanned · 3 researched | WATCH | 56.0 | 50.0 | 62.6 | 61.0 | — | — | — | 2/4/29/12 |
| Retail & Consumer 67 scanned · 2 researched | WATCH | 57.0 | 50.0 | 68.4 | 56.8 | — | — | — | 2/8/38/19 |
| Packaging & Plastics 34 scanned | WATCH | 53.3 | 38.9 | 64.7 | 72.9 | — | — | — | 1/3/22/8 |
| Logistics & Transport 25 scanned · 5 researched | WATCH | 46.5 | 27.4 | 67.6 | 62.4 | — | — | — | 5/3/10/7 |
| Telecom & Media 29 scanned · 3 researched | WATCH | 52.9 | 50.0 | 60.2 | 48.4 | — | — | — | 3/1/14/11 |
| Commercial Services 31 scanned · 4 researched | WATCH | 58.3 | 60.9 | 52.8 | 60.4 | — | — | — | 3/1/14/13 |
| Diversified & Other 32 scanned · 1 researched | WATCH | 49.2 | 37.5 | 59.7 | 62.7 | — | — | — | 0/3/18/11 |
Source: data/verdicts.json × NSE sector index closes.
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.
| Metric | Why it is in the framework | Source |
|---|---|---|
| Return on capital, level and trend | Durable high ROCE predicts future returns; the trend separates a moat from a good year | Novy-Marx 2013 JFE |
| Gross profitability (GP/assets) | As predictive as book-to-market, and less prone to the value trap | Novy-Marx 2013 JFE |
| Piotroski F-score | A nine-signal accounting checklist that separates real improvers from statistically cheap traps | Piotroski 2000 JAR |
| Cash-flow-to-net-profit | Accrual-heavy profit reverts; cash-backed profit persists | Sloan 1996 TAR |
| P/E versus the stock's own history | Cheap relative to itself, not to a peer set that may be expensive as a whole | Basu 1977 JF |
| Book-to-market | The value premium, in its original form | Fama–French 1992 JF |
| EV/EBITDA | Capital-structure-neutral, so it compares a leveraged firm to an unleveraged one | Practitioner standard |
| Altman Z and interest coverage | Distressed firms have delivered lower, not higher, returns — screen them out rather than chase them | Altman 1968 JF; Campbell/Hilscher/Szilagyi 2008 JF |
| 52-week-high proximity, 200-DMA | Nearness to the high has predicted continuation — but momentum crashes, so never alone | George & Hwang 2004 JF; Daniel & Moskowitz 2016 JFE |
| Promoter pledge | Pledged promoter holding is a governance red flag ahead of a forced sale | Not currently available from either source — no penalty is applied |
Full derivation in METHODOLOGY.md.