Skip to main content
Daily market wrap · Tuesday, 23 June 2026
~2 min read

Nifty slips 1.2% but Stage-2 cohort keeps widening

Health Care holds up; 95 fresh Stage 1→2 transitions; Bhageria Industries tops the breakout screen at 9.2
Stage2Stocks Market Desk
Nifty 50
23,824
-1.2% on the day
Regime
Weak but recovering
16th day · neutral-to-up
Breadth
42%
above 200-DMA · narrow
Adv / Dec
576 / 1,636
decliners ahead
52w highs / lows
167 / 52
net +115
Stage-2 share
33%
cohort widening

Nifty 50 closed at 23,824.1, down 1.2% on the day and still below its 200-day average — 9.5% off its 52-week high. Decliners swamped advancers 1,636 to 576, and breadth remains narrow. The constructive counter-signal is that the Stage-2 advancing cohort has continued to widen — up 4 over the last five sessions and nearly 24 over the last 60 — and the near-term regime read is neutral-to-up for a 16th consecutive day.

Sector read

Health Care was the only sector to close in the green today, up 0.7%, making it the relative-strength anchor on a down tape. Consumer Discretionary and Consumer Staples both shed ground but were the least-bad of the rest. Zooming out, Industrials leads all sectors over both one month (+7%) and three months (+23.2%), with Health Care second on both timeframes. Energy sits at the bottom of the three-month table at -5.4%, and Information Technology is fractionally negative over the same period. On the Stage-2 expansion front, Materials, Health Care and Financials are the sectors where the advancing cohort has been widening fastest over the last 20 sessions.

Standouts and screening results

Two names in Consumer Discretionary drew outsized volume today. Oriental Hotels Ltd surged 17.5% on volume running at nearly 97 times its normal rate — the heaviest relative volume on the screen. Orbit Exports Ltd added 20% on 18 times average volume. In Health Care, Cohance Lifesciences Ltd rose 13% on close to six times normal turnover. These names cleared the high-volume mover screen; the breakout and fresh-transition tables below show today's Stage-2 entries. Bhageria Industries Ltd leads the fresh breakout list with a setup score of 9.2, alongside Quess Corp Ltd from Industrials at 7.4. Among sustained setups, Nupur Recyclers Ltd and Ngl Fine Chem Ltd both carry a 9.4 score — the highest on the screen today. The five-day transition count of 95 stocks moving from Stage 1 into Stage 2 against only 10 moving the other way is a meaningful net positive beneath an otherwise soft index session.

Leading Stage-2 setups
StockSectorSetup% 1D
Bhageria Industries LtdMaterials9.2-0.0%
Quess Corp LtdIndustrials7.4+2.1%
GP Petroleums LtdMaterials7.0-1.8%
Kirloskar Brothers LtdIndustrials6.9-2.2%
Greenply Industries LtdMaterials6.4+0.1%
Motilal Oswal Financial Services LtdFinancials6.4-1.3%
Geojit Financial Services LtdFinancials6.0-0.3%
Gabriel India LtdConsumer Discretionary6.0-2.0%
Sector performance — cap-weighted, ranked by today’s move
Sector1D1M3MRSStage 2
Health Care+0.7%+3.4%+16.3%7144%
Consumer Discretionary-0.6%+3.5%+9.4%6730%
Consumer Staples-0.7%-1.5%+5.3%5536%
Energy-1.0%-3.0%-5.4%5739%
Industrials-1.1%+7.0%+23.2%7036%
Communication Services-1.2%+3.3%+11.9%6416%
Financials-1.2%+1.6%+1.7%6033%
Real Estate-1.2%+2.8%+9.7%3717%
Utilities-1.3%+3.4%+8.8%6430%
Materials-1.7%-1.4%+9.5%6838%
Information Technology-2.2%-3.3%-0.3%3222%
Breadth note
167 stocks are at or near new 52-week highs today — broad participation.
Work the same data live: open the full stock screener, watch the live market dashboard, or check the market-timing regime 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.

More market wraps