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Nifty slips 1.5% but Stage-2 cohort keeps widening

Decliners dominated the tape, yet 48 stocks crossed Stage 1→2 this week and IT held its ground.

Friday, 29 May 20262 min readStage2Stocks Market Desk

Nifty 50
23,548
-1.5% on the day
Market
Early Recovery
17 sessions in this state
Breadth
35%
above 200-DMA · narrow
Adv / Dec
687 / 1,535
decliners ahead
52w highs / lows
134 / 68
net +66
Stage-2 share
19%
cohort widening

Nifty 50 closed at 23,547.8, down 1.5% on the day and still sitting below its 200-day average, now 10.6% off its 52-week high. The broader tape was rough — decliners led advancers 1,535 to 687 — yet the underlying structure continues to repair quietly. The advancing cohort has widened by 6.9 over the last 20 days, and 48 stocks moved from basing to advancing stages over the past five sessions against only 5 moving the other way. The regime is in an early recovery, and the near-term read is turning.

Sector rotation: IT holds, everything else retreats

On a day when most sectors finished in the red, Information Technology was the relative standout, essentially flat at +0.2%. Real Estate and Industrials held up better than the index, losing just 0.3% and 0.9% respectively. Zooming out to three months, Industrials remains the clear leader at +11.9%, followed by Utilities at +10.8% and Health Care at +10.4%. Financials and Energy continue to lag badly over that same period, down 8.9% and 7.5%. The sectors where the advancing cohort is expanding fastest right now are Consumer Staples, Utilities and Information Technology — worth noting given the broader index weakness.

Standout movers and screening results

Two names dominated the volume boards today. Supriya Lifescience Ltd in Health Care surged 20% on volume running at 26.3 times its normal rate — the kind of expansion that puts a stock firmly on the radar. Tribhovandas Bhimji Zaveri Ltd in Consumer Discretionary matched that 20% move on 23.3 times average volume. Bluspring Enterprises Ltd in Industrials added 14.9% on a more modest but still elevated 5.1 times volume. On the screener itself, eight fresh breakouts cleared the Stage-2 filter today. Yasho Industries Ltd in Materials carries the highest setup score of the group at 8.8, with Sanstar Ltd in Consumer Staples close behind at 8.7 and Gland Pharma Ltd in Health Care at 8.3. Among sustained setups — stocks that have held their advancing structure over multiple sessions — Garware Hi-Tech Films Ltd, Sasken Technologies Ltd, Sakar Healthcare Ltd and Avalon Technologies Ltd all score 9.4, the highest in the current list. The full breakout and transition tables are below.

Leading Stage-2 setups
StockSectorSetup% 1D
Yasho Industries LtdMaterials8.8-2.9%
Sanstar LtdConsumer Staples8.7+2.6%
Gland Pharma LtdHealth Care8.3-2.7%
Cords Cable Industries LtdIndustrials8.2-1.5%
SoftTech Engineers LtdInformation Technology8.0+5.0%
Vindhya Telelinks LtdCommunication Services8.0+4.0%
Grasim Industries LtdMaterials7.8-1.5%
Manappuram Finance LtdFinancials7.8-1.0%
Sector performance — cap-weighted, ranked by today’s move
Sector1D1M3MRSStage 2
Information Technology+0.1%+0.2%-4.4%3915%
Real Estate-0.3%+0.5%-3.9%434%
Industrials-0.9%+4.4%+11.9%6822%
Consumer Discretionary-1.2%+0.0%-1.0%6415%
Communication Services-1.2%+4.4%+1.0%6510%
Health Care-1.2%+6.0%+10.4%7026%
Consumer Staples-1.4%-3.0%-2.2%5529%
Utilities-1.6%+1.9%+10.8%6625%
Materials-1.7%+0.6%+6.5%7121%
Energy-2.3%-5.1%-7.5%6129%
Financials-2.4%-3.5%-8.9%5915%
Share of NSE stocks in Stage 2Dec 2025 – May 2026 · weekly
0%10%20%30%40%50%60%70%Jan 26Nifty 50Stocks in Stage 2Latest: 19%
The share of NSE stocks in Stage 2 over the six months to this wrap, with the Nifty's shape above it — the market underneath the day's numbers. Source: Stage2Stocks classification of every NSE stock with enough history, each week.
Try it on Stage2StocksHow to read this chart Lesson 3 of the course: why the Nifty isn't the market, and what the share of stocks in Stage 2 tells you.

Work the same data live: open the full stock screener, watch the live market dashboard, or check the market-timing read. New to the method? Start with the four stages.

Stage2Stocks is an educational stage-analysis screener. These wraps describe what the screen shows across NSE cash equities — they are not investment advice, recommendations, or buy/sell calls. Always do your own research.

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