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 | 22,687.65 | ▼ -123.70 | ▼ -0.54% | 19.13 | 2.79 |
| Nifty Next 50 | 67,354.15 | ▼ -301.15 | ▼ -0.45% | 17.47 | 3.24 |
| Nifty 500 | 21,696.55 | ▼ -141.35 | ▼ -0.65% | 21.11 | 3.04 |
| Nifty Bank | 54,925.70 | ▼ -51.20 | ▼ -0.09% | 12.61 | 1.65 |
| NIFTY Midcap 100 | 57,063.95 | ▼ -501.90 | ▼ -0.87% | 26.63 | 3.63 |
Source: NSE ind_close_all_20261022
(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 · 8 researched | 7,452.20 | ▲ +1.10% | 84.9 | ACCUMULATE |
| Pharmaceuticals Nifty Pharma · 24 researched | 25,596.65 | ▲ +0.12% | 39.6 | WATCH |
| Healthcare & Hospitals Nifty Healthcare Index · 11 researched | 15,515.25 | ▲ +0.05% | 40.4 | WATCH |
| Banks Nifty Bank · 5 researched | 54,925.70 | ▼ -0.09% | 12.6 | WATCH |
| Financial Services Nifty Financial Services · 10 researched | 24,657.70 | ▼ -0.14% | 14.8 | WATCH |
| Realty Nifty Realty · 3 researched | 803.45 | ▼ -0.30% | 33.9 | WATCH |
| Metals & Mining Nifty Metal · 15 researched | 11,798.35 | ▼ -0.52% | 15.3 | WATCH |
| Automobiles Nifty Auto · 30 researched | 25,011.50 | ▼ -0.73% | 29.1 | WATCH |
| Information Technology Nifty IT · 13 researched | 32,081.25 | ▼ -1.05% | 19.9 | WATCH |
| Energy & Power Nifty Energy · 11 researched | 35,101.45 | ▼ -1.05% | 13.9 | WATCH |
| FMCG Nifty FMCG · 10 researched | 43,105.45 | ▼ -1.41% | 29.8 | ACCUMULATE |
| Chemicals no listed index · 7 researched | — | — | — | ACCUMULATE |
| Construction & Materials no listed index · 10 researched | — | — | — | ACCUMULATE |
| Capital Goods no listed index · 16 researched | — | — | — | WATCH |
| Commercial Services no listed index · 5 researched | — | — | — | WATCH |
| Logistics & Transport no listed index · 6 researched | — | — | — | WATCH |
| Packaging & Plastics no listed index · 2 researched | — | — | — | WATCH |
| Retail & Consumer no listed index · 5 researched | — | — | — | WATCH |
| Telecom & Media no listed index · 3 researched | — | — | — | WATCH |
| Textiles & Apparel no listed index · 5 researched | — | — | — | WATCH |
Largest moves among the 1386 tracked names this session, against the 2026-10-21 close.
| Company | Call | Prev | Close | Move |
|---|---|---|---|---|
| Tata Teleservices (Maharashtra) Ltd TTML | AVOID | ₹32.06 | ₹38.01 | ▲ +18.56% |
| Beta Drugs Ltd BETA | HOLD | ₹1,664.70 | ₹1,971.00 | ▲ +18.40% |
| Omnitech Engineering Ltd OMNI | HOLD | ₹593.05 | ₹685.20 | ▲ +15.54% |
| Mahanagar Telephone Nigam Ltd MTNL | AVOID | ₹22.20 | ₹24.64 | ▲ +10.99% |
| International Gemological Institute Limited IGIL | QUALITY-WAIT | ₹321.10 | ₹353.20 | ▲ +10.00% |
| eMudhra Ltd EMUDHRA | HOLD | ₹432.00 | ₹345.60 | ▼ -20.00% |
| Tinna Rubber & Infrastructure Ltd TINNARUBR | HOLD | ₹878.30 | ₹745.40 | ▼ -15.13% |
| Tatva Chintan Pharma Chem Ltd TATVA | HOLD | ₹1,890.10 | ₹1,664.10 | ▼ -11.96% |
| Rajratan Global Wire Ltd RAJRATAN | HOLD | ₹429.10 | ₹383.30 | ▼ -10.67% |
| SML Mahindra Ltd SMLMAH | QUALITY-WAIT | ₹5,501.00 | ₹4,951.00 | ▼ -10.00% |
Set aside as undetermined: JSWDULUX (▼ -89.91%). 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.
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 | ₹25,360.00 | QUALITY-WAIT | → | HOLD | if next session holds |
| ACE | ₹1,053.40 | QUALITY-WAIT | → | BUY | if next session holds |
| AEGISLOG | ₹1,304.10 | QUALITY-WAIT | → | HOLD | if next session holds |
| ALGOQUANT | ₹74.48 | HOLD | → | QUALITY-WAIT | if next session holds |
| COFORGE | ₹1,908.80 | QUALITY-WAIT | → | HOLD | if next session holds |
| ECLERX | ₹1,930.30 | QUALITY-WAIT | → | BUY | if next session holds |
| KALYANKJIL | ₹530.40 | QUALITY-WAIT | → | HOLD | if next session holds |
| KARURVYSYA | ₹356.05 | HOLD | → | BUY | if next session holds |
| KNACK | ₹206.12 | HOLD | → | QUALITY-WAIT | if next session holds |
| KRBL | ₹354.90 | QUALITY-WAIT | → | HOLD | if next session holds |
| LEMONTREE | ₹110.95 | BUY | → | QUALITY-WAIT | if next session holds |
| LTTS | ₹3,954.80 | HOLD | → | BUY | if next session holds |
| SHUKRAPHAR | ₹62.53 | QUALITY-WAIT | → | HOLD | if next session holds |
| TCS | ₹2,506.90 | HOLD | → | BUY | if next session holds |
| WHEELS | ₹2,108.70 | QUALITY-WAIT | → | 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 74 scanned · 13 researched | WATCH | 60.8 | 62.4 | 78.6 | 27.1 | — | ▼ -1.05% | 19.9 | 0/9/56/9 |
| Banks 40 scanned · 5 researched | WATCH | 51.0 | 49.2 | 52.3 | 53.7 | — | ▼ -0.09% | 12.6 | 1/0/30/9 |
| Pharmaceuticals 87 scanned · 24 researched | WATCH | 49.0 | 29.2 | 71.8 | 64.0 | — | ▲ +0.12% | 39.6 | 0/12/63/12 |
| Automobiles 107 scanned · 30 researched | WATCH | 58.9 | 52.1 | 78.6 | 44.4 | — | ▼ -0.73% | 29.1 | 10/14/73/10 |
| FMCG 103 scanned · 10 researched | ACCUMULATE | 64.6 | 71.0 | 69.0 | 40.0 | — | ▼ -1.41% | 29.8 | 0/20/63/20 |
| Metals & Mining 79 scanned · 15 researched | WATCH | 56.2 | 54.0 | 67.5 | 43.0 | — | ▼ -0.52% | 15.3 | 0/6/53/20 |
| Realty 37 scanned · 3 researched | WATCH | 60.2 | 76.7 | 52.0 | 29.6 | — | ▼ -0.30% | 33.9 | 2/2/13/20 |
| Energy & Power 82 scanned · 11 researched | WATCH | 57.9 | 60.5 | 63.8 | 41.1 | — | ▼ -1.05% | 13.9 | 4/4/41/33 |
| Financial Services 146 scanned · 5 ranked elsewhere · 10 researched | WATCH | 58.9 | 74.8 | 44.2 | 41.3 | — | ▼ -0.14% | 14.8 | 0/3/90/53 |
| Healthcare & Hospitals 57 scanned · 16 ranked elsewhere · 11 researched | WATCH | 58.8 | 50.8 | 73.0 | 56.2 | — | ▲ +0.05% | 40.4 | 4/10/37/6 |
| Hospitality & Tourism 38 scanned · 8 researched | ACCUMULATE | 67.8 | 79.3 | 69.0 | 34.9 | — | ▲ +1.10% | 84.9 | 3/5/20/10 |
| Chemicals 101 scanned · 7 researched | ACCUMULATE | 62.9 | 68.0 | 67.8 | 41.0 | — | — | — | 3/9/62/27 |
| Construction & Materials 124 scanned · 10 researched | ACCUMULATE | 66.1 | 81.4 | 61.6 | 32.9 | — | — | — | 6/9/69/40 |
| Capital Goods 102 scanned · 16 researched | WATCH | 57.3 | 48.1 | 79.3 | 45.3 | — | — | — | 0/12/70/20 |
| Textiles & Apparel 47 scanned · 5 researched | WATCH | 55.0 | 50.0 | 62.6 | 55.6 | — | — | — | 0/3/30/14 |
| Retail & Consumer 64 scanned · 5 researched | WATCH | 60.3 | 60.5 | 68.7 | 45.9 | — | — | — | 0/8/38/18 |
| Packaging & Plastics 32 scanned · 2 researched | WATCH | 60.2 | 60.0 | 64.8 | 53.2 | — | — | — | 1/3/19/9 |
| Logistics & Transport 26 scanned · 6 researched | WATCH | 52.9 | 47.5 | 69.3 | 39.9 | — | — | — | 0/2/18/6 |
| Telecom & Media 33 scanned · 3 researched | WATCH | 50.6 | 50.0 | 59.8 | 36.8 | — | — | — | 3/2/14/14 |
| Commercial Services 37 scanned · 5 researched | WATCH | 48.5 | 50.0 | 52.5 | 37.6 | — | — | — | 0/1/21/15 |
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.
Every Sunday, each lens's weight is re-tilted from its prior on all evidence to date of whether its ratings predicted subsequent returns, measured separately within each cap tier (data/lens_ic.json). Thin evidence moves a weight a little, a consistent edge more -- see METHODOLOGY.md. Every past change stays on the record in data/lens_weight_changes.json.
| Tier | Lens | Weight | t-stat | Hit rate | Weeks measured |
|---|---|---|---|---|---|
| Large | Quality | 1.3442 → 1.5087 | 0.0232 | 48% | 9.2 |
| Large | Financial Health | 1.91 → 1.9008 | 1.1927 | 63% | 9.2 |
| Large | Value | 1.0512 → 1.1731 | -0.0898 | 52% | 9.2 |
| Large | Earnings Quality | 1.3139 → 1.2507 | 1.1021 | 63% | 9.2 |
| Large | Growth Outlook | 0.7981 → 0.6895 | -0.5674 | 67% | 5.4 |
| Large | Momentum | 0.6029 → 0.5489 | 0.3965 | 63% | 9.2 |
| Mid | Quality | 1.3663 → 1.3577 | -0.3842 | 57% | 9.2 |
| Mid | Financial Health | 1.9321 → 1.8357 | 0.9635 | 61% | 9.2 |
| Mid | Value | 1.1381 → 1.2545 | 0.1821 | 43% | 9.2 |
| Mid | Earnings Quality | 0.9127 → 0.9696 | -0.1218 | 48% | 9.2 |
| Mid | Growth Outlook | 0.5795 → 0.5947 | -1.1343 | 75% | 2.4 |
| Mid | Momentum | 0.6902 → 0.6083 | 0.9274 | 70% | 9.2 |
| Small | Quality | 1.8341 → 1.9593 | 1.4254 | 62% | 7.4 |
| Small | Financial Health | 1.6513 → 1.7853 | 0.8011 | 54% | 7.4 |
| Small | Value | 1.0405 → 1.2492 | 0.1645 | 49% | 7.4 |
| Small | Earnings Quality | 0.7647 → 0.8067 | -0.8155 | 54% | 7.4 |
| Small | Growth Outlook | 0.9895 → 0.9206 | 0.6226 | 58% | 3.8 |
| Small | Momentum | 0.7136 → 0.6417 | 1.2857 | 70% | 7.4 |
| Micro | Quality | 1.9961 → 1.8884 | 1.1469 | 68% | 7.4 |
| Micro | Financial Health | 1.8473 → 1.8138 | 0.8914 | 57% | 7.4 |
| Micro | Value | 1.0396 → 1.2056 | 0.0188 | 49% | 7.4 |
| Micro | Earnings Quality | 0.9775 → 1.0226 | 0.0906 | 51% | 7.4 |
| Micro | Growth Outlook | 0.6162 → 0.5586 | -1.3975 | 83% | 4.6 |
| Micro | Momentum | 0.7275 → 0.7087 | 2.4071 | 81% | 7.4 |
| 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.