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 ACCUMULATE, which is a valuation-and-quality reading and does not move with one session.
| Index | Close | Points | Change | P/E | P/B |
|---|---|---|---|---|---|
| Nifty 50 | 24,287.65 | ▼ -78.35 | ▼ -0.32% | 20.53 | 2.95 |
| Nifty Next 50 | 74,474.10 | ▼ -12.45 | ▼ -0.02% | 19.70 | 3.41 |
| Nifty 500 | 23,564.45 | ▼ -30.45 | ▼ -0.13% | 22.91 | 3.31 |
| Nifty Bank | 57,497.80 | ▲ +6.70 | ▲ +0.01% | 13.60 | 1.72 |
| NIFTY Midcap 100 | 63,817.00 | ▲ +34.85 | ▲ +0.05% | 30.78 | 4.46 |
Source: NSE ind_close_all_20260817
(levels, index P/E and P/B) and the full-market bhavcopy (breadth).
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.
| Sector | Index | Session | Idx P/E | Stance |
|---|---|---|---|---|
| Realty Nifty Realty | 908.70 | ▲ +1.46% | 38.6 | WATCH |
| Metals & Mining Nifty Metal · 1 researched | 13,104.60 | ▲ +1.26% | 16.0 | AVOID |
| Energy & Power Nifty Energy | 38,652.65 | ▲ +0.26% | 15.0 | ACCUMULATE |
| Hospitality & Tourism Nifty India Tourism · 2 researched | 8,060.15 | ▲ +0.15% | 90.9 | ACCUMULATE |
| Financial Services Nifty Financial Services · 1 researched | 26,217.15 | ▲ +0.01% | 16.1 | WATCH |
| Banks Nifty Bank · 1 researched | 57,497.80 | ▲ +0.01% | 13.6 | AVOID |
| Automobiles Nifty Auto · 3 researched | 29,178.10 | ▼ -0.10% | 33.9 | AVOID |
| Pharmaceuticals Nifty Pharma · 5 researched | 26,341.55 | ▼ -0.39% | 40.7 | AVOID |
| Healthcare & Hospitals Nifty Healthcare Index · 5 researched | 16,429.35 | ▼ -0.46% | 42.9 | WATCH |
| FMCG Nifty FMCG · 3 researched | 48,105.05 | ▼ -1.05% | 33.4 | ACCUMULATE |
| Information Technology Nifty IT · 4 researched | 30,807.80 | ▼ -1.75% | 19.6 | ACCUMULATE |
Index P/E from NSE's official daily index file.
Largest moves among the 173 tracked names this session, against the 2026-08-14 close.
| Company | Call | Prev | Close | Move |
|---|---|---|---|---|
| Ipca Laboratories Ltd IPCALAB | HOLD | ₹1,734.20 | ₹1,884.60 | ▲ +8.67% |
| Hindustan Copper Ltd HINDCOPPER | QUALITY-WAIT | ₹529.05 | ₹572.65 | ▲ +8.24% |
| Inox Wind Ltd INOXWIND | HOLD | ₹73.67 | ₹78.13 | ▲ +6.05% |
| Oberoi Realty Ltd OBEROIRLTY | BUY | ₹1,846.00 | ₹1,931.00 | ▲ +4.60% |
| TBO Tek Ltd TBOTEK | HOLD | ₹1,633.30 | ₹1,700.00 | ▲ +4.08% |
| BSE Ltd BSE | HOLD | ₹3,447.00 | ₹3,332.00 | ▼ -3.34% |
| HCL Technologies Ltd HCLTECH | HOLD | ₹1,360.00 | ₹1,325.00 | ▼ -2.57% |
| Infosys Ltd INFY | HOLD | ₹1,169.20 | ₹1,139.90 | ▼ -2.51% |
| Sun Pharmaceutical Industries Ltd SUNPHARMA | QUALITY-WAIT | ₹1,930.00 | ₹1,882.00 | ▼ -2.49% |
| Sai Life Sciences Ltd SAILIFE | QUALITY-WAIT | ₹1,449.90 | ₹1,416.40 | ▼ -2.31% |
A change to anything but AVOID publishes only after two consecutive sessions say the same thing; AVOID publishes at once.
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 10 scanned · 4 researched | ACCUMULATE | 69.4 | 60.9 | 93.2 | 52.5 | — | ▼ -1.75% | 19.6 | 1/2/7/0 |
| Banks 14 scanned · 1 researched | AVOID | 43.0 | 22.6 | 61.3 | 66.6 | — | ▲ +0.01% | 13.6 | 1/0/12/1 |
| Pharmaceuticals 20 scanned · 5 researched | AVOID | 40.2 | 7.9 | 75.2 | 67.9 | — | ▼ -0.39% | 40.7 | 2/10/7/1 |
| Automobiles 15 scanned · 3 researched | AVOID | 38.3 | 5.0 | 76.0 | 64.4 | — | ▼ -0.10% | 33.9 | 4/5/4/2 |
| FMCG 15 scanned · 3 researched | ACCUMULATE | 82.9 | 88.4 | 94.7 | 48.4 | — | ▼ -1.05% | 33.4 | 1/6/8/0 |
| Metals & Mining 15 scanned · 1 researched | AVOID | 44.1 | 14.2 | 77.1 | 68.8 | — | ▲ +1.26% | 16.0 | 3/3/7/2 |
| Realty 10 scanned | WATCH | 55.3 | 44.8 | 60.4 | 75.0 | — | ▲ +1.46% | 38.6 | 1/1/4/4 |
| Energy & Power 40 scanned | ACCUMULATE | 62.1 | 58.0 | 69.2 | 61.4 | — | ▲ +0.26% | 15.0 | 8/2/17/13 |
| Financial Services 20 scanned · 5 ranked elsewhere · 1 researched | WATCH | 55.6 | 66.2 | 36.1 | 59.6 | — | ▲ +0.01% | 16.1 | 2/0/14/4 |
| Healthcare & Hospitals 20 scanned · 16 ranked elsewhere · 5 researched | WATCH | 46.5 | 19.5 | 77.9 | 66.1 | — | ▼ -0.46% | 42.9 | 2/8/9/1 |
| Hospitality & Tourism 15 scanned · 2 researched | ACCUMULATE | 64.3 | 60.3 | 71.3 | 63.2 | — | ▲ +0.15% | 90.9 | 4/3/4/4 |
Source: data/verdicts.json × NSE sector index closes.
| 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.