The Close

The Long Desk

The Close · The Open · The Long Desk · Archive · Research · Top Stocks
Tue, 15 Sep 2026
1429 companies · 1450 sector slots · 21 sectors · 21 below Rs1000cr and not scanned · long-term lens

Trend Spotlight computed

Realty lagged the market: ▼ -4.04% on Nifty Realty, closing 814.25.

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.

Market Overview

IndexClosePoints ChangeP/EP/B
Nifty 50 23,118.60 ▼ -279.50 ▼ -1.19% 19.54 2.80
Nifty Next 50 70,281.15 ▼ -1,802.55 ▼ -2.50% 18.58 3.13
Nifty 500 22,477.45 ▼ -389.05 ▼ -1.70% 21.78 3.12
Nifty Bank 55,794.75 ▼ -811.80 ▼ -1.43% 13.20 1.67
NIFTY Midcap 100 60,878.25 ▼ -1,318.95 ▼ -2.12% 29.34 4.18
▲ 363 advancing ■ 17 unchanged ▼ 2254 declining of 2634 equities, vs the 2026-09-11 close
Cash market, ₹ crore
FII / FPI net
▼ -2,977.86
bought 13,195 · sold 16,173
DII net
▲ +2,686.05
bought 15,222 · sold 12,536
FII / FPI DII
FII / DII daily net cash flow · ₹ crore · scroll to zoom, drag to pan

Source: NSE ind_close_all_20260915 (levels, index P/E and P/B) and the full-market bhavcopy (breadth).

Index P/E from NSE's official daily index file.

Sector performance

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.

SectorIndexSession Idx P/EStance
Information Technology Nifty IT · 16 researched 29,555.30 ▲ +2.19% 18.9 ACCUMULATE
FMCG Nifty FMCG · 4 researched 44,829.95 ▼ -0.50% 31.1 WATCH
Healthcare & Hospitals Nifty Healthcare Index · 3 researched 16,299.00 ▼ -1.17% 42.7 WATCH
Pharmaceuticals Nifty Pharma · 14 researched 26,188.40 ▼ -1.30% 40.5 WATCH
Banks Nifty Bank · 13 researched 55,794.75 ▼ -1.43% 13.2 WATCH
Financial Services Nifty Financial Services · 7 researched 25,076.65 ▼ -1.83% 15.4 WATCH
Automobiles Nifty Auto · 22 researched 26,756.60 ▼ -2.01% 31.1 WATCH
Energy & Power Nifty Energy · 12 researched 37,147.95 ▼ -2.08% 14.4 WATCH
Hospitality & Tourism Nifty India Tourism · 6 researched 7,551.35 ▼ -2.34% 85.2 WATCH
Metals & Mining Nifty Metal · 9 researched 12,669.15 ▼ -2.54% 15.4 WATCH
Realty Nifty Realty · 5 researched 814.25 ▼ -4.04% 34.6 WATCH
Construction & Materials no listed index · 6 researched ACCUMULATE
Capital Goods no listed index · 7 researched WATCH
Chemicals no listed index · 4 researched WATCH
Commercial Services no listed index · 4 researched WATCH
Diversified & Other no listed index · 1 researched WATCH
Logistics & Transport no listed index · 1 researched WATCH
Packaging & Plastics no listed index WATCH
Retail & Consumer no listed index · 2 researched WATCH
Telecom & Media no listed index · 2 researched WATCH
Textiles & Apparel no listed index · 3 researched WATCH

Movers in the universe

Largest moves among the 1424 tracked names this session, against the 2026-09-11 close.

CompanyCallPrev CloseMove
eMudhra Ltd EMUDHRA HOLD ₹494.05 ₹592.85 ▲ +20.00%
Tata Chemicals Ltd TATACHEM HOLD ₹612.45 ₹734.90 ▲ +19.99%
HMA Agro Industries Ltd HMAAGRO HOLD ₹20.07 ₹23.41 ▲ +16.64%
Firstsource Solutions Ltd FSL HOLD ₹247.60 ₹283.35 ▲ +14.44%
Tata Investment Corporation Ltd TATAINVEST AVOID ₹650.90 ₹718.35 ▲ +10.36%
Sigachi Industries Ltd SIGACHI AVOID ₹37.93 ₹31.51 ▼ -16.93%
Aeroflex Enterprises Ltd AEROENTER HOLD ₹137.09 ₹116.93 ▼ -14.71%
Solar Industries India Ltd SOLARINDS QUALITY-WAIT ₹22,290.00 ₹19,250.00 ▼ -13.64%
Raghav Productivity Enhancers Ltd RPEL QUALITY-WAIT ₹1,845.20 ₹1,622.40 ▼ -12.07%
SMS Pharmaceuticals Ltd SMSPHARMA HOLD ₹463.45 ₹410.15 ▼ -11.50%

Set aside as undetermined: PNCINFRA (▼ -20.00%). A move this large over one session is usually a bonus, split or demerger rather than a price change, and a close-only series cannot tell the two apart — so it is neither listed as a mover nor quietly dropped.

Calls this session

A change to anything but AVOID publishes only after two consecutive sessions say the same thing; AVOID publishes at once.

Sector stance changed (4)

Published this session (77)

new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 3.79/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.03/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 3.9/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 3.86/5 including quality and value — the rare combination.
new
unconfirmed: sector, news
Unconfirmed: sector, news not checked — Weighted average rating 4.24/5 including quality and value — the rare combination.
new
unconfirmed: sector, news
Unconfirmed: sector, news not checked — Weighted average rating 4.16/5 including quality and value — the rare combination.
new
unconfirmed: sector, news
Unconfirmed: sector, news not checked — Weighted average rating 4.24/5 including quality and value — the rare combination.
new
unconfirmed: sector, news
Unconfirmed: sector, news not checked — Weighted average rating 4.14/5 including quality and value — the rare combination.
new
unconfirmed: sector, news
Unconfirmed: sector, news not checked — Weighted average rating 4.74/5 including quality and value — the rare combination.
new
unconfirmed: sector, news
Unconfirmed: sector, news not checked — Weighted average rating 4.18/5 including quality and value — the rare combination.
new
unconfirmed: sector, news
Unconfirmed: sector, news not checked — Weighted average rating 4.27/5 including quality and value — the rare combination.
new
Good business, bad price today (Value 2/5) — PEG 3.01; P/E cheaper than 31% of sector peers (P/E 41.54); EV/EBITDA 21.4, B/M 0.17. Watch for a better entry.

and 65 more — full list on the site.

Awaiting a second session (37)

TickerClosePublished PendingNote
ABBOTINDIA ₹26,125.00 HOLD BUY if next session holds
ADANIPORTS ₹1,713.80 HOLD BUY if next session holds
BHARATFORG ₹1,877.20 QUALITY-WAIT HOLD if next session holds
BUTTERFLY ₹580.25 QUALITY-WAIT HOLD if next session holds
CANBK ₹122.37 HOLD BUY if next session holds
CONCOR ₹483.70 HOLD BUY if next session holds
DCBBANK ₹221.89 HOLD BUY if next session holds
ECLERX ₹1,894.80 QUALITY-WAIT BUY if next session holds
EMCURE ₹1,993.00 HOLD BUY if next session holds
FSL ₹283.35 HOLD QUALITY-WAIT if next session holds
GILLETTE ₹7,248.50 QUALITY-WAIT BUY if next session holds
GPPL ₹161.18 HOLD BUY if next session holds
HCLTECH ₹1,253.70 HOLD BUY if next session holds
INFY ₹1,077.00 HOLD BUY if next session holds
IPCALAB ₹1,932.40 QUALITY-WAIT HOLD if next session holds
JINDALSAW ₹289.00 QUALITY-WAIT HOLD if next session holds
KIRLOSENG ₹2,041.60 HOLD QUALITY-WAIT if next session holds
KIRLPNU ₹698.15 HOLD BUY if next session holds
LUPIN ₹2,063.20 HOLD BUY if next session holds
MANINDS ₹808.20 QUALITY-WAIT HOLD if next session holds
NATCOPHARM ₹819.15 HOLD BUY if next session holds
NAVINFLUOR ₹8,228.00 QUALITY-WAIT HOLD if next session holds
OPTIEMUS ₹604.95 AVOID HOLD if next session holds
REDTAPE ₹120.87 HOLD QUALITY-WAIT if next session holds
SANOFI ₹3,131.00 HOLD BUY if next session holds
SANOFICONR ₹4,055.30 HOLD QUALITY-WAIT if next session holds
SHILPAMED ₹911.90 QUALITY-WAIT HOLD if next session holds
SPARC ₹188.00 HOLD BUY if next session holds
STAR ₹1,150.60 HOLD BUY if next session holds
SUNCLAY ₹1,250.20 AVOID HOLD if next session holds
TANLA ₹490.55 HOLD BUY if next session holds
TATASTEEL ₹183.65 HOLD QUALITY-WAIT if next session holds
TCI ₹845.40 HOLD BUY if next session holds
TECHNOCRAF ₹424.35 HOLD QUALITY-WAIT if next session holds
TTKPRESTIG ₹540.00 HOLD QUALITY-WAIT if next session holds
VIDHIING ₹320.65 QUALITY-WAIT HOLD if next session holds
ZENSARTECH ₹440.20 HOLD BUY if next session holds

Top Stories

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.

Sector Scorecard

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.

SectorStanceEntryCheap QualityTechNews IndexIdx P/EB/W/H/A
Information Technology 75 scanned · 16 researched ACCUMULATE 62.0 63.0 78.5 31.6 ▲ +2.19% 18.9 0/9/59/7
Banks 40 scanned · 13 researched WATCH 46.8 37.0 52.3 63.8 ▼ -1.43% 13.2 0/0/31/9
Pharmaceuticals 85 scanned · 14 researched WATCH 46.7 22.5 72.0 69.2 ▼ -1.30% 40.5 0/19/55/11
Automobiles 108 scanned · 22 researched WATCH 52.1 29.1 78.4 69.5 ▼ -2.01% 31.1 16/21/60/11
FMCG 104 scanned · 4 researched WATCH 58.8 56.8 68.9 47.4 ▼ -0.50% 31.1 5/21/60/18
Metals & Mining 83 scanned · 9 researched WATCH 53.1 40.3 67.9 62.8 ▼ -2.54% 15.4 8/11/47/17
Realty 38 scanned · 5 researched WATCH 56.6 63.0 52.0 47.3 ▼ -4.04% 34.6 1/1/16/20
Energy & Power 83 scanned · 12 researched WATCH 54.8 50.4 63.4 52.4 ▼ -2.08% 14.4 5/6/40/32
Financial Services 149 scanned · 5 ranked elsewhere · 7 researched WATCH 53.1 57.0 43.3 58.8 ▼ -1.83% 15.4 5/3/92/49
Healthcare & Hospitals 58 scanned · 16 ranked elsewhere · 3 researched WATCH 49.7 27.4 73.8 69.2 ▼ -1.17% 42.7 4/15/34/5
Hospitality & Tourism 38 scanned · 6 researched WATCH 60.6 64.7 67.4 38.2 ▼ -2.34% 85.2 5/4/19/10
Chemicals 99 scanned · 4 researched WATCH 61.7 61.0 68.7 52.0 2/12/62/23
Construction & Materials 122 scanned · 6 researched ACCUMULATE 63.0 74.9 61.3 34.1 4/10/68/40
Capital Goods 103 scanned · 7 researched WATCH 53.6 34.5 78.5 62.8 9/14/66/14
Textiles & Apparel 47 scanned · 3 researched WATCH 56.7 50.0 62.6 64.6 2/4/29/12
Retail & Consumer 67 scanned · 2 researched WATCH 59.5 55.6 68.4 54.8 2/8/38/19
Packaging & Plastics 34 scanned WATCH 54.2 41.2 64.7 71.2 1/4/21/8
Logistics & Transport 25 scanned · 1 researched WATCH 47.8 30.7 67.6 60.4 0/3/15/7
Telecom & Media 29 scanned · 2 researched WATCH 52.7 50.0 60.2 47.6 3/1/14/11
Commercial Services 31 scanned · 4 researched WATCH 60.2 65.0 52.8 59.8 2/1/15/13
Diversified & Other 32 scanned · 1 researched WATCH 54.0 46.0 59.7 66.1 0/3/17/12

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.

new call this session
unconfirmed: sector, news
P/E in the 15th percentile of its own 3-year range · ROCE 36.4% (up 8.4pt over 5y) · Piotroski 8/9
Composite 78.3 Mkt Cap 280,064 cr · Large P/E 45.55 ROCE 36.4% Piotroski 8/9
new call this session
unconfirmed: price, sector, news
composite 76.3 on quality, timing, valuation
Composite 76.3 Mkt Cap 157,187 cr · Large P/E 21.22 ROCE 35.9% Piotroski 3/3
new call this session
unconfirmed: sector
P/E in the 1th percentile of its own 3-year range · ROCE 20.7% (up 31.7pt over 5y) · -32.1% off its 52-week high
Composite 87.1 Mkt Cap 17,723 cr · Mid P/E 24.41 ROCE 20.7% Piotroski 5/9
new call this session
unconfirmed: sector, news
P/E in the 27th percentile of its own 3-year range · ROCE 33.3% (up 20.3pt over 5y)
Composite 85.2 Mkt Cap 42,898 cr · Mid P/E 25.82 ROCE 33.3% Piotroski 6/9
new call this session
unconfirmed: sector, news
P/E in the 4th percentile of its own 3-year range
Composite 87.7 Mkt Cap 13,533 cr · Small P/E 22.19 ROCE 69.2% Piotroski 4/9
new call this session
unconfirmed: sector
P/E in the 0th percentile of its own 3-year range · ROCE 29.3% (up 18.3pt over 5y) · Piotroski 8/9
Composite 86.7 Mkt Cap 9,395 cr · Small P/E 13.29 ROCE 29.3% Piotroski 8/9
new call this session
Highly Volatile
P/E in the 58th percentile of its own 3-year range · ROCE 26.3% (up 5.3pt over 5y) · Piotroski 8/9
Composite 69.1 Mkt Cap 4,927 cr · Micro P/E 27.73 ROCE 26.3% Piotroski 8/9
new call this session
Highly Volatile
P/E in the 93th percentile of its own 3-year range · ROCE 22.3% (up 16.3pt over 5y)
Composite 61.1 Mkt Cap 4,621 cr · Micro P/E 54.86 ROCE 22.3% Piotroski 6/9

How We Evaluate

MetricWhy it is in the frameworkSource
Return on capital, level and trendDurable 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-scoreA nine-signal accounting checklist that separates real improvers from statistically cheap traps Piotroski 2000 JAR
Cash-flow-to-net-profitAccrual-heavy profit reverts; cash-backed profit persists Sloan 1996 TAR
P/E versus the stock's own historyCheap relative to itself, not to a peer set that may be expensive as a whole Basu 1977 JF
Book-to-marketThe value premium, in its original form Fama–French 1992 JF
EV/EBITDACapital-structure-neutral, so it compares a leveraged firm to an unleveraged one Practitioner standard
Altman Z and interest coverageDistressed 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-DMANearness to the high has predicted continuation — but momentum crashes, so never alone George & Hwang 2004 JF; Daniel & Moskowitz 2016 JFE
Promoter pledgePledged 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.