No news narrative was written for this session, so this is the largest sector index move rather than a judged catalyst. The desk's stance for this sector is WATCH, which is a valuation-and-quality reading and does not move with one session.
| Index | Close | Points | Change | P/E | P/B |
|---|---|---|---|---|---|
| Nifty 50 | 23,446.80 | ▲ +117.80 | ▲ +0.50% | 19.82 | 2.84 |
| Nifty Next 50 | 72,462.40 | ▲ +658.35 | ▲ +0.92% | 19.16 | 3.22 |
| Nifty 500 | 22,935.10 | ▲ +140.90 | ▲ +0.62% | 22.23 | 3.18 |
| Nifty Bank | 56,548.90 | ▲ +333.35 | ▲ +0.59% | 13.38 | 1.69 |
| NIFTY Midcap 100 | 62,396.45 | ▲ +433.30 | ▲ +0.70% | 30.07 | 4.23 |
FII/DII cash flows have not published for this session yet — NSE releases them later in the evening, after this report goes out. They appear in tomorrow morning's Open. No figure is shown here rather than the previous session's.
Source: NSE ind_close_all_20260923
(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 |
|---|---|---|---|---|
| Metals & Mining Nifty Metal · 15 researched | 13,302.35 | ▲ +2.40% | 16.2 | WATCH |
| FMCG Nifty FMCG · 6 researched | 46,259.35 | ▲ +1.32% | 32.1 | WATCH |
| Realty Nifty Realty · 5 researched | 871.00 | ▲ +1.10% | 37.0 | WATCH |
| Pharmaceuticals Nifty Pharma · 16 researched | 27,152.10 | ▲ +0.90% | 42.0 | AVOID |
| Healthcare & Hospitals Nifty Healthcare Index · 6 researched | 16,868.15 | ▲ +0.89% | 44.2 | WATCH |
| Banks Nifty Bank · 12 researched | 56,548.90 | ▲ +0.59% | 13.4 | AVOID |
| Financial Services Nifty Financial Services · 10 researched | 25,564.85 | ▲ +0.58% | 15.7 | WATCH |
| Automobiles Nifty Auto · 33 researched | 27,157.55 | ▲ +0.26% | 31.6 | WATCH |
| Hospitality & Tourism Nifty India Tourism · 7 researched | 7,896.10 | ▲ +0.14% | 89.1 | WATCH |
| Energy & Power Nifty Energy · 17 researched | 37,759.75 | ▲ +0.09% | 14.7 | WATCH |
| Information Technology Nifty IT · 17 researched | 28,334.05 | ▼ -0.87% | 18.1 | ACCUMULATE |
| Capital Goods no listed index · 14 researched | — | — | — | WATCH |
| Chemicals no listed index · 6 researched | — | — | — | WATCH |
| Commercial Services no listed index · 6 researched | — | — | — | WATCH |
| Construction & Materials no listed index · 9 researched | — | — | — | WATCH |
| Logistics & Transport no listed index · 5 researched | — | — | — | WATCH |
| Packaging & Plastics no listed index · 2 researched | — | — | — | WATCH |
| Retail & Consumer no listed index · 3 researched | — | — | — | WATCH |
| Telecom & Media no listed index · 5 researched | — | — | — | WATCH |
| Textiles & Apparel no listed index · 4 researched | — | — | — | WATCH |
| Diversified & Other no listed index · 1 researched | — | — | — | AVOID |
Largest moves among the 1431 tracked names this session, against the 2026-09-22 close.
| Company | Call | Prev | Close | Move |
|---|---|---|---|---|
| Frontier Springs Ltd FRONTSP | HOLD | ₹1,162.20 | ₹1,394.60 | ▲ +20.00% |
| Whirlpool of India Ltd WHIRLPOOL | HOLD | ₹721.05 | ₹865.25 | ▲ +20.00% |
| Optiemus Infracom Ltd OPTIEMUS | HOLD | ₹708.90 | ₹828.35 | ▲ +16.85% |
| Man Industries (India) Ltd MANINDS | QUALITY-WAIT | ₹849.90 | ₹986.70 | ▲ +16.10% |
| Raymond Realty Ltd RAYMONDREL | HOLD | ₹589.50 | ₹671.45 | ▲ +13.90% |
| Bluestone Jewellery & Lifestyle Ltd BLUESTONE | AVOID | ₹930.40 | ₹855.50 | ▼ -8.05% |
| Prime Focus Ltd PFOCUS | AVOID | ₹357.45 | ₹337.15 | ▼ -5.68% |
| Onix Solar Energy Ltd ONIXSOLAR | AVOID | ₹322.60 | ₹306.50 | ▼ -4.99% |
| Rhetan TMT Ltd RHETAN | AVOID | ₹17.67 | ₹16.79 | ▼ -4.98% |
| Pine Labs Ltd PINELABS | HOLD | ₹197.58 | ₹188.30 | ▼ -4.70% |
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 | |
|---|---|---|---|---|---|
| ANTELOPUS | ₹1,161.20 | HOLD | → | QUALITY-WAIT | if next session holds |
| CAMPUS | ₹211.05 | QUALITY-WAIT | → | HOLD | if next session holds |
| GESHIP | ₹1,483.80 | HOLD | → | BUY | if next session holds |
| GRANULES | ₹860.25 | QUALITY-WAIT | → | HOLD | if next session holds |
| GRINDWELL | ₹1,977.60 | QUALITY-WAIT | → | HOLD | if next session holds |
| IFBIND | ₹1,258.70 | HOLD | → | BUY | if next session holds |
| MARKSANS | ₹347.60 | HOLD | → | QUALITY-WAIT | if next session holds |
| RPEL | ₹1,711.70 | QUALITY-WAIT | → | HOLD | if next session holds |
| RPGLIFE | ₹3,025.40 | HOLD | → | QUALITY-WAIT | if next session holds |
| SUNCLAY | ₹1,253.90 | AVOID | → | HOLD | if next session holds |
| SUPRIYA | ₹1,000.90 | HOLD | → | QUALITY-WAIT | if next session holds |
| TATASTEEL | ₹190.82 | HOLD | → | QUALITY-WAIT | if next session holds |
| TCPLPACK | ₹4,003.00 | QUALITY-WAIT | → | HOLD | if next session holds |
| TCS | ₹2,089.60 | HOLD | → | BUY | if next session holds |
No narrative was written for this session. Stories, and the news catalyst input to the sector stances, come from the morning research agent; when it has not run, the stances below renormalise over their three remaining inputs rather than assuming a neutral headline.
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 | ACCUMULATE | 62.8 | 63.6 | 78.5 | 34.4 | — | ▼ -0.87% | 18.1 | 3/9/55/8 |
| Banks 40 scanned · 12 researched | AVOID | 41.5 | 26.4 | 52.3 | 63.9 | — | ▲ +0.59% | 13.4 | 0/0/31/9 |
| Pharmaceuticals 85 scanned · 16 researched | AVOID | 43.3 | 17.0 | 72.0 | 65.6 | — | ▲ +0.90% | 42.0 | 0/20/54/11 |
| Automobiles 109 scanned · 33 researched | WATCH | 49.8 | 25.0 | 78.6 | 67.8 | — | ▲ +0.26% | 31.6 | 0/21/77/11 |
| FMCG 107 scanned · 6 researched | WATCH | 56.0 | 50.0 | 67.9 | 52.0 | — | ▲ +1.32% | 32.1 | 4/19/66/18 |
| Metals & Mining 83 scanned · 15 researched | WATCH | 45.7 | 26.0 | 67.9 | 61.0 | — | ▲ +2.40% | 16.2 | 0/10/53/20 |
| Realty 39 scanned · 5 researched | WATCH | 53.9 | 54.2 | 52.0 | 56.0 | — | ▲ +1.10% | 37.0 | 1/2/15/21 |
| Energy & Power 83 scanned · 17 researched | WATCH | 54.4 | 45.6 | 63.4 | 62.6 | — | ▲ +0.09% | 14.7 | 5/7/39/32 |
| Financial Services 148 scanned · 5 ranked elsewhere · 10 researched | WATCH | 50.5 | 51.3 | 43.6 | 60.1 | — | ▲ +0.58% | 15.7 | 4/4/92/48 |
| Healthcare & Hospitals 58 scanned · 16 ranked elsewhere · 6 researched | WATCH | 48.1 | 25.9 | 73.8 | 64.6 | — | ▲ +0.89% | 44.2 | 4/16/33/5 |
| Hospitality & Tourism 37 scanned · 7 researched | WATCH | 61.1 | 59.3 | 68.6 | 53.6 | — | ▲ +0.14% | 89.1 | 3/6/18/10 |
| Chemicals 99 scanned · 6 researched | WATCH | 59.3 | 52.8 | 68.7 | 61.0 | — | — | — | 2/12/62/23 |
| Construction & Materials 125 scanned · 9 researched | WATCH | 59.7 | 64.4 | 60.8 | 45.4 | — | — | — | 3/11/69/42 |
| Capital Goods 102 scanned · 14 researched | WATCH | 51.8 | 29.5 | 78.8 | 66.3 | — | — | — | 9/15/64/14 |
| Textiles & Apparel 47 scanned · 4 researched | WATCH | 56.0 | 50.0 | 62.6 | 61.0 | — | — | — | 2/6/27/12 |
| Retail & Consumer 67 scanned · 3 researched | WATCH | 57.4 | 51.6 | 68.4 | 54.4 | — | — | — | 2/10/36/19 |
| Packaging & Plastics 34 scanned · 2 researched | WATCH | 51.4 | 35.5 | 64.7 | 71.9 | — | — | — | 2/4/20/8 |
| Logistics & Transport 25 scanned · 5 researched | WATCH | 45.8 | 26.4 | 67.6 | 61.0 | — | — | — | 5/3/11/6 |
| Telecom & Media 29 scanned · 5 researched | WATCH | 53.2 | 50.0 | 60.2 | 50.0 | — | — | — | 3/1/14/11 |
| Commercial Services 31 scanned · 6 researched | WATCH | 58.5 | 61.1 | 52.8 | 61.0 | — | — | — | 2/2/14/13 |
| Diversified & Other 32 scanned · 1 researched | AVOID | 44.7 | 27.9 | 59.7 | 64.6 | — | — | — | 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.