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 | 24,078.30 | ▼ -76.60 | ▼ -0.32% | 20.36 | 2.92 |
| Nifty Next 50 | 73,900.65 | ▼ -408.25 | ▼ -0.55% | 19.54 | 3.35 |
| Nifty 500 | 23,386.20 | ▼ -86.20 | ▼ -0.37% | 22.72 | 3.28 |
| Nifty Bank | 57,239.75 | ▼ -22.65 | ▼ -0.04% | 13.54 | 1.71 |
| NIFTY Midcap 100 | 63,408.75 | ▼ -130.65 | ▼ -0.21% | 30.56 | 4.43 |
Source: NSE ind_close_all_20260819
(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 |
|---|---|---|---|---|
| Information Technology Nifty IT · 4 researched | 30,433.05 | ▲ +0.73% | 19.4 | ACCUMULATE |
| Hospitality & Tourism Nifty India Tourism · 2 researched | 8,013.00 | ▲ +0.08% | 90.4 | ACCUMULATE |
| Metals & Mining Nifty Metal · 2 researched | 13,023.25 | ▼ -0.02% | 15.9 | AVOID |
| Banks Nifty Bank · 1 researched | 57,239.75 | ▼ -0.04% | 13.5 | AVOID |
| Realty Nifty Realty · 2 researched | 895.35 | ▼ -0.05% | 38.0 | WATCH |
| Pharmaceuticals Nifty Pharma · 7 researched | 26,313.80 | ▼ -0.18% | 40.7 | AVOID |
| Automobiles Nifty Auto · 5 researched | 29,185.40 | ▼ -0.27% | 33.9 | AVOID |
| Healthcare & Hospitals Nifty Healthcare Index · 7 researched | 16,412.80 | ▼ -0.31% | 43.0 | AVOID |
| Financial Services Nifty Financial Services · 1 researched | 26,013.00 | ▼ -0.36% | 15.9 | WATCH |
| FMCG Nifty FMCG · 3 researched | 47,473.90 | ▼ -0.55% | 32.9 | ACCUMULATE |
| Energy & Power Nifty Energy · 1 researched | 38,124.45 | ▼ -1.18% | 14.8 | ACCUMULATE |
Index P/E from NSE's official daily index file.
Largest moves among the 1999 tracked names this session, against the 2026-08-18 close.
| Company | Call | Prev | Close | Move |
|---|---|---|---|---|
| Oriental Hotels Ltd ORIENTHOT | BUY | ₹121.21 | ₹139.50 | ▲ +15.09% |
| Excel Industries Ltd EXCELINDUS | HOLD | ₹985.20 | ₹1,133.25 | ▲ +15.03% |
| Zaggle Prepaid Ocean Services Ltd ZAGGLE | HOLD | ₹165.88 | ₹186.04 | ▲ +12.15% |
| Sonam Ltd SONAMLTD | BUY | ₹60.31 | ₹67.19 | ▲ +11.41% |
| GFL Ltd GFLLIMITED | HOLD | ₹51.22 | ₹56.76 | ▲ +10.82% |
| Bilcare Ltd BI | AVOID | ₹101.38 | ₹91.66 | ▼ -9.59% |
| Yasho Industries Ltd YASHO | AVOID | ₹4,915.80 | ₹4,470.80 | ▼ -9.05% |
| Modern Threads (I) Ltd MODTHREAD | HOLD | ₹57.47 | ₹52.28 | ▼ -9.03% |
| Finkurve Financial Services Ltd FINKURVE | AVOID | ₹78.19 | ₹71.36 | ▼ -8.74% |
| Pakka Ltd PAKKA | AVOID | ₹95.49 | ₹88.54 | ▼ -7.28% |
A change to anything but AVOID publishes only after two consecutive sessions say the same thing; AVOID publishes at once.
and 5 more.
and 50 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 | 67.8 | 60.0 | 93.2 | 46.4 | — | ▲ +0.73% | 19.4 | 1/2/7/0 |
| Banks 14 scanned · 1 researched | AVOID | 44.6 | 25.8 | 61.3 | 66.6 | — | ▼ -0.04% | 13.5 | 2/0/10/2 |
| Pharmaceuticals 20 scanned · 7 researched | AVOID | 41.8 | 11.7 | 75.2 | 66.3 | — | ▼ -0.18% | 40.7 | 3/8/8/1 |
| Automobiles 15 scanned · 5 researched | AVOID | 39.6 | 7.0 | 76.0 | 65.8 | — | ▼ -0.27% | 33.9 | 4/4/5/2 |
| FMCG 15 scanned · 3 researched | ACCUMULATE | 83.6 | 92.5 | 94.7 | 41.6 | — | ▼ -0.55% | 32.9 | 1/6/8/0 |
| Metals & Mining 15 scanned · 2 researched | AVOID | 44.6 | 15.6 | 77.1 | 67.6 | — | ▼ -0.02% | 15.9 | 4/3/6/2 |
| Realty 10 scanned · 2 researched | WATCH | 59.3 | 51.5 | 60.4 | 78.2 | — | ▼ -0.05% | 38.0 | 1/1/4/4 |
| Energy & Power 40 scanned · 1 researched | ACCUMULATE | 62.7 | 61.1 | 69.2 | 56.1 | — | ▼ -1.18% | 14.8 | 8/4/14/14 |
| Financial Services 20 scanned · 5 ranked elsewhere · 1 researched | WATCH | 57.8 | 70.8 | 36.1 | 59.5 | — | ▼ -0.36% | 15.9 | 2/0/12/6 |
| Healthcare & Hospitals 20 scanned · 16 ranked elsewhere · 7 researched | AVOID | 44.7 | 16.3 | 77.9 | 65.2 | — | ▼ -0.31% | 43.0 | 3/7/9/1 |
| Hospitality & Tourism 15 scanned · 2 researched | ACCUMULATE | 62.8 | 58.5 | 71.3 | 60.2 | — | ▲ +0.08% | 90.4 | 4/3/4/4 |
| Diversified & Other 2000 scanned · 173 ranked elsewhere · 27 researched | WATCH | 54.9 | 50.0 | 62.2 | 55.6 | — | — | — | 274/243/862/621 |
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.