Data is 4 days old — priced on Thu, 1 Oct 2026, page built 05 Oct 2026 06:36. The daily run has not published since; the validation gate holds the last good payload rather than publishing a partial one, so this is the last complete session.
1423 companies · 1444 sector slots · 20 sectors · 25 below Rs1000cr and not scanned · long-term lens
Trend Spotlight
IRDAI's insurance-commission-cap consultation enters its comment period as PB Fintech and Turtlemint take 20% lower-circuit hits, with Jefferies estimating a 10-12% earnings hit if the caps land as proposed.
IRDAI's 'Recalibrating Economics of Insurance Distribution' paper, released Sept 23, proposes reinstating prescriptive commission caps removed in 2023 -- first-year rates stepping down from 20-25% to 12.5% within five years, with every form of distributor remuneration counted toward the cap. The comment window runs to Oct 25 and no final rule exists yet, but the market reaction has already been severe: PB Fintech hit a 20% lower circuit (losing roughly ₹31,500cr of market cap) and Turtlemint did too. This continues an already-open claim rather than introducing a new catalyst, but the scale of the repricing makes it the session's most consequential financial-services story.
RBI's rate call (due Oct 7) is the session's overnight focus, with economists split between a 25bp hike and a hawkish hold, against a firm Wall Street close and mixed Asian cues.
The RBI's MPC meets Oct 5-7, and a Business Standard poll found 8 of 10 economists expecting a 25bp hike to 5.50% -- which would be the first hike since Feb 2023 -- citing retail inflation at 4.82% and rising, Brent crude near $102/bbl (up 58% y/y, forecast toward $106.60 by quarter-end), and the rupee weakening past 96/USD as the Fed-RBI rate gap narrows after the Fed's September hike. The counter-case is that inflation is still within the RBI's target band, which could still produce a hawkish hold instead. Overnight cues are constructive but thin on a confirmed GIFT Nifty print: US markets closed higher Friday into the weekend (S&P +0.7%, Nasdaq +1.2% on continued Nvidia-led strength and a soft September jobs report), while Asian markets were mixed (Nikkei -0.94% to -0.99% Friday despite a strong week, Shanghai/Hang Seng/KOSPI modestly firmer) -- treat this as overnight-cues context rather than a confirmed implied open.
Good business, bad price today (Value 1/5) — PEG n/a; P/E cheaper than 22% of sector peers (P/E 42.4); EV/EBITDA 27.7, B/M 0.337. Watch for a better entry.
Source: NSE event calendar, filtered to the 1423 tracked names.
Market Overview
Index
Close
Points
Change
P/E
P/B
Nifty 50
22,421.95
▼ -198.50
▼ -0.88%
19.19
2.75
Nifty Next 50
68,981.35
▼ -765.60
▼ -1.10%
18.08
3.31
Nifty 500
21,857.75
▼ -214.35
▼ -0.97%
21.56
3.06
Nifty Bank
54,450.75
▼ -182.30
▼ -0.33%
12.91
1.64
NIFTY Midcap 100
58,732.00
▼ -600.05
▼ -1.01%
27.70
3.73
▲ 566 advancing■ 23 unchanged▼ 2065 decliningof 2654 equities, vs the 2026-09-30 close
Cash market, ₹ crore
FII / FPI net
▼ -9,484.22
bought 12,260 · sold 21,744
DII net
▲ +10,041.84
bought 25,420 · sold 15,378
FII / FPI
DII
Source: NSE ind_close_all_20261001
(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 — every call it has published, scored over the
stretch it actually stood: from the close on the day it was made (restated for any
split or bonus) to the day the desk changed it, the name left coverage, or today.
Each is set against Nifty 500 over the same window. A BUY should beat it; an AVOID
should lag it.
3402 calls scored since Wed, 5 Aug 2026: 1361 standing, 1456 closed when the desk changed the call, 585 closed when the name left coverage (at its last published close). 2008 of them are the call a name was given on entering coverage, not one the desk changed to. 1349 more standing calls with history are not shown — this table is the 12 that have moved most against Nifty 500 since they were made. 57 calls published this session are not scored yet — no session to move in. 22 have no cached close at one end of their window and are not scored. 7 entry prices restated for a split or bonus inside the window (marked adj.).
DOMS confirms its Q1 margin collapse but pushes the guided recovery out to FY28. Retail & Consumer
DOMS Industries' Q1 FY27 results confirm the already-known numbers -- EBITDA margin down to 12.3% from 17.6% on West Asia-linked input inflation -- and management still targets 16-17% margins, but now frames that recovery as an FY28 event rather than something visible in Q2/Q3 FY27, with a further 4-5% price hike still on the table if raw-material costs stay elevated. This neither confirms nor falsifies the desk's open claim that the margin trough is temporary, but it is a softer framing than the claim's near-term resolution window implied.
Zensar's Q1 data confirms the client-exit warning management flagged, though it's not yet the quarter that resolves the pending downgrade. Information Technology
TMT revenue fell 9.1% QoQ and Healthcare & Life Sciences fell 3.8% QoQ in Zensar's most recently reported quarter, both attributed to client-side consolidation -- consistent with, not contradictory to, management's own warning of continued exits in those verticals. This is Q1 data, not the Q3 FY27 window the desk's open claim specifies as its test, so the pending BUY->HOLD call remains unresolved rather than confirmed either way.
Engineers India's order-book figures disagree sharply across sources, but every reading still shows inflows lagging the FY27 guided pace. Construction & Materials
Sources put EIL's order book anywhere from ₹13,131cr to ~₹17,000cr, against the brief's own ₹14,424cr Q2 FY27 figure -- likely a standalone/consolidated or order-book/backlog mismatch that can't be reconciled from search alone. On inflows, one source shows ₹3,565cr YTD against the ₹8,000cr FY27 target, directionally consistent with the open claim that EIL is running behind pace, with three quarters still to go and the disputed Dangote Kenya/Nigeria contract not yet booked.
ONGC raises its production guidance and strikes gas in the Mahanadi basin. Energy & Power
Management now targets 39 MMT of standalone oil/gas production this fiscal, rising to 40 MMT next year, backed by the KG-DWN-98/2 gas ramp and ₹33,000cr of offshore investment targeting 8% gas-output growth; a fresh gas discovery at Mahanadi's MN-DW18-1-H-D well on Sept 18 adds a further, if early-stage, positive. Separately, four Executive Directors retired by scheduled superannuation on Oct 1 with a successor already in place since Sept 21 -- an orderly transition, not a governance flag.
Zen Technologies wins a fresh ₹177.5cr MoD order and reaffirms its FY27 order-book ramp, cutting against the pending downgrade. Capital Goods
Zen Technologies still targets an FY27 order book of ~₹2,500cr, up from ₹1,239cr as of June 30, and backed that up with a new ₹177.5cr Ministry of Defence order for tank/crew gunnery simulators plus a flagged anti-drone pipeline of at least ₹2,000cr. Promoters hold no pledged shares as of FY26-end. This reads as positive evidence against the stock's pending BUY->QUALITY-WAIT downgrade.
Entry score is 40% cheap-vs-history + 25% quality trend + 20% news catalyst + 15% technicals, for the 9 sectors with a researched catalyst. The other 11 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 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.