The Nifty's one-day fall of 1.2% understates the damage. Just 390 stocks advanced against 2,111 decliners today, an advance-decline ratio of 0.18 - by far the weakest reading of the past 30 sessions, when the ratio touched as high as 1.51 only twelve days ago. This is not a one-index story. It's a breadth wipeout.
Breadth has cratered across every timeframe
Only 24.5% of stocks now sit above their 20-day average, down from 57% barely six weeks back - a fresh window low. The 50-day and 200-day readings tell the same story: 29.5% and 37% respectively, both the weakest of the past month. Stocks at 52-week highs fell to just 56, while those at 52-week lows swelled to 252. Net new highs minus lows is now minus 196, the worst print in the series and a sharp reversal from plus 139 just six weeks ago. Three straight sessions of negative net new highs, and the five-day transition count has been negative for fourteen sessions running - advances into Stage 2 are drying up while slides into Stage 3 keep coming.
Stage-2 share is shrinking, not rotating
The share of stocks in Stage 2 has fallen to 32.5%, its lowest point in the window, down nearly five points in twenty sessions. This isn't sector rotation - it's broad deterioration. Financials, Industrials, Utilities and Real Estate all dropped more than 2% today, with Industrials down 3.4% and Real Estate down 3.5%. Utilities' Stage-2 share has nearly halved over the past month, now just 16%. Energy is the one sector bucking the trend, with Stage-2 share up 27 points in twenty days even as the sector itself fell over 1% today - a case of high-scoring names getting a spot bid inside an otherwise ugly tape. IT staged a small bounce, up 0.83%, but its Stage-2 share has been fading for weeks, not building.
What to do with the setups list today
The screener still throws up names - Orient Bell and Suraksha Diagnostic lead the early-stage list with scores near 9, and Alembic and Quality Power aren't far behind. But remember what this screen is built to do: surface Stage-2 names on any day, good or bad. A read this weak in breadth means even a well-scored setup is swimming against a falling tide. The sustained list - Raymond, Modison, Welspun group names - shows where money already made its money; it's a record of past leadership, not a shopping list. With the advance-decline ratio at a monthly low and lows outnumbering highs by nearly 200 stocks, this is a day for sitting on your hands rather than chasing green setup scores against a red tape.
| Stock | Sector | Setup | % 1D |
|---|---|---|---|
| Orient Bell Ltd | Industrials | 8.8 | -2.9% |
| Suraksha Diagnostic Ltd | Health Care | 8.8 | -0.2% |
| Alembic Ltd | Health Care | 8.3 | -3.7% |
| Quality Power Electrical Equipments Ltd | Utilities | 8.1 | -5.0% |
| Multi Commodity Exchange of India Ltd | Financials | 7.9 | -3.1% |
| Godrej Agrovet Ltd | Consumer Staples | 7.9 | -4.5% |
| Gujarat Themis Biosyn Ltd | Health Care | 7.8 | +1.8% |
| Anuh Pharma Ltd | Health Care | 7.6 | -4.8% |
| Sector | 1D | 1M | 3M | RS | Stage 2 |
|---|---|---|---|---|---|
| Information Technology | +0.8% | -5.1% | +2.8% | 49 | 24% |
| Consumer Staples | -0.8% | -6.2% | -5.7% | 45 | 35% |
| Health Care | -1.4% | -0.4% | +9.6% | 72 | 47% |
| Communication Services | -1.4% | -3.8% | +5.5% | 61 | 26% |
| Energy | -1.5% | -3.8% | -4.3% | 58 | 52% |
| Financials | -1.9% | -4.0% | -2.5% | 59 | 33% |
| Consumer Discretionary | -2.0% | -4.2% | +6.0% | 59 | 34% |
| Utilities | -2.2% | -5.2% | -9.3% | 57 | 16% |
| Materials | -3.0% | -4.0% | -2.2% | 63 | 36% |
| Industrials | -3.4% | -5.2% | -1.2% | 67 | 28% |
| Real Estate | -3.5% | -7.1% | +0.2% | 52 | 27% |
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.