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Nifty holds 23,989 as Real Estate and IT lead a narrow recovery

Breadth improving, Stage-2 cohort widening, and eight fresh breakouts on the screen today

Tuesday, 16 June 20262 min readStage2Stocks Market Desk

Nifty 50
23,989
+0.6% on the day
Market
Neutral — Building
11 sessions in this state
Breadth
39%
above 200-DMA · narrow
Adv / Dec
1,236 / 983
advancers ahead
52w highs / lows
151 / 38
net +113
Stage-2 share
29%
cohort widening

Nifty 50 closed at 23,989.2, up 0.6% on the day, though it remains below its 200-day average and 8.9% off its 52-week high. The regime reads weak but recovering, now into an 11th consecutive day of that characterisation, with the near-term read neutral-to-up. Breadth is narrow but improving: advancers led decliners 1,236 to 983, 151 stocks posted new 52-week highs against 38 new lows, and 22 golden crosses registered on the day against just one death cross.

Sector rotation and the day's leaders

Real Estate led all sectors on the day at +2.1%, extending what has also been the strongest one-month return at +7.4% and a solid +11.3% over three months. Information Technology followed at +1.6% on the day, and Energy added +1.4%. That Energy gain is worth noting in context: the sector remains the weakest over three months at -4.5%, yet its Stage-2 cohort is expanding fastest among all sectors over the past 20 days, a divergence the screener is tracking closely. Health Care and Materials are the next two sectors where the advancing cohort is widening most rapidly over the same period. Over three months, Industrials remains the structural leader at +18.3%, with Communication Services second at +12.8%.

Standout movers and fresh breakouts on the screen

The day's highest-volume movers were striking. Rashi Peripherals Ltd in Information Technology surged 18.1% on volume running at 75.8 times its average — the heaviest relative volume on the tape today. Orbit Exports Ltd in Consumer Discretionary rose 19.9% on 33.2 times average volume, while Sonata Software Ltd and NIIT Ltd, both in IT and Consumer Discretionary respectively, cleared 19.6% and 18.4% on volumes of 14 and 15.5 times normal. These are screening results, not calls to act; the screener flags them as unusually active Stage-2 candidates for further study.

Among today's fresh breakouts, Caplin Point Laboratories Ltd in Health Care carries the highest setup score at 7.8, followed by Tata Communications Ltd in Communication Services at 7.4. Century Enka Ltd and Oriental Aromatics Ltd also cleared the screen. On the sustained-setup list, Thangamayil Jewellery Ltd tops the rankings at 9.5, with SKM Egg Products Export India Ltd and Jay Bharat Maruti Ltd close behind at 9.4 each — all three in the screener's highest-conviction Stage-2 base category. The full breakout and transition tables are below.

Stage-2 breadth and the bigger picture

29% of NSE-listed stocks currently screen as Stage 2, with the cohort widening — up 4.8 over the past five days, 13.1 over 20 days, and 17.8 over 60 days. Over the last five trading sessions, 97 stocks transitioned from Stage 1 to Stage 2 against only 8 moving from Stage 2 to Stage 3, a net of 89 new entrants into the advancing stage. That is a constructive internal shift even as the headline index stays below its long-term average. Only 38.8% of stocks are above their 200-day average, though 56.2% are above their 50-day and 65% above their 20-day — a pattern consistent with a tape that is recovering from the bottom up rather than one in broad health.

Leading Stage-2 setups
StockSectorSetup% 1D
Caplin Point Laboratories LtdHealth Care7.8+0.6%
Tata Communications LtdCommunication Services7.4-1.0%
Century Enka LtdConsumer Discretionary6.8+0.4%
Oriental Aromatics LtdMaterials6.4+0.4%
Avantel LtdInformation Technology6.4+1.4%
Welspun Enterprises LimitedIndustrials6.3-1.3%
Raymond LtdConsumer Discretionary6.0-0.3%
BCL Industries LtdConsumer Staples5.6-1.1%
Sector performance — cap-weighted, ranked by today’s move
Sector1D1M3MRSStage 2
Real Estate+2.1%+7.4%+11.3%3814%
Information Technology+1.6%+3.0%+1.2%3721%
Energy+1.4%-0.3%-4.5%6146%
Consumer Staples+0.9%-1.9%+4.1%5536%
Utilities+0.5%+2.0%+7.7%6226%
Industrials+0.5%+5.6%+18.3%6931%
Financials+0.5%+1.5%+0.8%5928%
Communication Services+0.4%+1.6%+12.8%6314%
Consumer Discretionary+0.1%+2.4%+7.0%6625%
Materials-0.1%-0.6%+8.5%7033%
Health Care-0.2%+0.8%+9.7%7140%
Share of NSE stocks in Stage 2Dec 2025 – Jun 2026 · weekly
0%10%20%30%40%50%60%70%Jan 26Nifty 50Stocks in Stage 2Latest: 27%
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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