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 | 24,207.75 | ▼ -126.80 | ▼ -0.52% | 20.46 | 2.93 |
| Nifty Next 50 | 74,501.05 | ▼ -7.85 | ▼ -0.01% | 19.69 | 3.32 |
| Nifty 500 | 23,559.20 | ▼ -52.40 | ▼ -0.22% | 22.89 | 3.29 |
| Nifty Bank | 57,783.75 | ▲ +269.55 | ▲ +0.47% | 13.67 | 1.73 |
| NIFTY Midcap 100 | 64,101.20 | ▼ -61.70 | ▼ -0.10% | 30.89 | 4.43 |
Source: NSE ind_close_all_20260826
(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 |
|---|---|---|---|---|
| Metals & Mining Nifty Metal · 3 researched | 13,541.70 | ▲ +1.27% | 16.5 | AVOID |
| Financial Services Nifty Financial Services · 1 researched | 26,386.75 | ▲ +0.53% | 16.2 | WATCH |
| Banks Nifty Bank · 11 researched | 57,783.75 | ▲ +0.47% | 13.7 | AVOID |
| Pharmaceuticals Nifty Pharma · 7 researched | 26,626.30 | ▲ +0.23% | 41.2 | AVOID |
| Healthcare & Hospitals Nifty Healthcare Index · 8 researched | 16,586.65 | ▼ -0.07% | 43.5 | AVOID |
| Hospitality & Tourism Nifty India Tourism · 2 researched | 8,036.90 | ▼ -0.44% | 90.6 | WATCH |
| Energy & Power Nifty Energy · 2 researched | 38,099.90 | ▼ -0.55% | 14.8 | WATCH |
| Automobiles Nifty Auto · 5 researched | 29,000.15 | ▼ -0.74% | 33.7 | AVOID |
| Realty Nifty Realty · 2 researched | 910.15 | ▼ -0.83% | 38.6 | WATCH |
| FMCG Nifty FMCG · 3 researched | 47,252.90 | ▼ -0.95% | 32.8 | ACCUMULATE |
| Information Technology Nifty IT · 4 researched | 30,318.85 | ▼ -1.47% | 19.3 | ACCUMULATE |
Index P/E from NSE's official daily index file.
Largest moves among the 1985 tracked names this session, against the 2026-08-25 close.
| Company | Call | Prev | Close | Move |
|---|---|---|---|---|
| Advit Jewels Ltd RAMBHAJO | HOLD | ₹213.20 | ₹255.69 | ▲ +19.93% |
| Wonder Electricals Ltd WEL | HOLD | ₹134.02 | ₹155.92 | ▲ +16.34% |
| Dhunseri Investments Ltd DHUNINV | AVOID | ₹959.80 | ₹1,115.90 | ▲ +16.26% |
| Virtuoso Optoelectronics Ltd VOEPL | AVOID | ₹498.75 | ₹579.55 | ▲ +16.20% |
| Tarmat Ltd TARMAT | HOLD | ₹54.23 | ₹62.54 | ▲ +15.32% |
| Blue Cloud Softech Solutions Ltd BLUECLOUDS | HOLD | ₹22.28 | ₹20.02 | ▼ -10.14% |
| Elitecon International Ltd ELITECON | HOLD | ₹13.76 | ₹12.39 | ▼ -9.96% |
| Filatex India Ltd FILATEX | BUY | ₹82.11 | ₹75.19 | ▼ -8.43% |
| Davangere Sugar Company Ltd DAVANGERE | AVOID | ₹2.88 | ₹2.65 | ▼ -7.99% |
| Orchid Pharma Ltd ORCHPHARMA | HOLD | ₹1,038.55 | ₹973.35 | ▼ -6.28% |
A change to anything but AVOID publishes only after two consecutive sessions say the same thing; AVOID publishes at once.
and 4 more.
and 6 more.
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 | 68.6 | 62.5 | 93.2 | 44.1 | — | ▼ -1.47% | 19.3 | 2/4/4/0 |
| Banks 40 scanned · 11 researched | AVOID | 38.7 | 19.8 | 52.3 | 66.6 | — | ▲ +0.47% | 13.7 | 7/1/27/5 |
| Pharmaceuticals 20 scanned · 7 researched | AVOID | 40.5 | 9.3 | 75.2 | 65.8 | — | ▲ +0.23% | 41.2 | 1/9/9/1 |
| Automobiles 15 scanned · 5 researched | AVOID | 40.0 | 7.0 | 76.0 | 68.0 | — | ▼ -0.74% | 33.7 | 2/6/5/2 |
| FMCG 15 scanned · 3 researched | ACCUMULATE | 84.8 | 95.5 | 94.7 | 40.0 | — | ▼ -0.95% | 32.8 | 1/7/7/0 |
| Metals & Mining 15 scanned · 3 researched | AVOID | 42.6 | 10.2 | 77.1 | 71.6 | — | ▲ +1.27% | 16.5 | 3/4/6/2 |
| Realty 10 scanned · 2 researched | WATCH | 53.8 | 42.9 | 60.4 | 71.7 | — | ▼ -0.83% | 38.6 | 1/2/3/4 |
| Energy & Power 40 scanned · 2 researched | WATCH | 60.3 | 55.4 | 69.2 | 58.8 | — | ▼ -0.55% | 14.8 | 7/3/16/14 |
| Financial Services 94 scanned · 5 ranked elsewhere · 1 researched | WATCH | 46.3 | 55.8 | 23.1 | 59.9 | — | ▲ +0.53% | 16.2 | 10/1/63/20 |
| Healthcare & Hospitals 20 scanned · 16 ranked elsewhere · 8 researched | AVOID | 42.1 | 12.3 | 77.9 | 61.9 | — | ▼ -0.07% | 43.5 | 1/7/11/1 |
| Hospitality & Tourism 15 scanned · 2 researched | WATCH | 58.9 | 50.3 | 71.3 | 61.0 | — | ▼ -0.44% | 90.6 | 3/5/3/4 |
| Diversified & Other 2000 scanned · 273 ranked elsewhere · 42 researched | WATCH | 55.3 | 50.0 | 62.2 | 57.9 | — | — | — | 272/235/889/604 |
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.