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Room 02 · Briefing

Market briefing

Market conditions · week of 19 Oct 2026
Risk-off
conditions met · unchanged last week · 2 four weeks ago

Below trend, narrow participation, deep below the peak, falling month. Met: fear contained.

Reading live breadth…
Conditions score, last 52 weeks · click a week to replay it
RISK-ON 4–5MIXED 2–3RISK-OFF 0–1RISK-OFF SINCE 1 OCTOCTDECFEBAPRJUNAUGOCT

Week of 19 Oct 2026 · 1 of 5 · Risk-off

Moment 10/10 · 19 Oct 2026
Today: Risk-off

40% of stocks above trend, 1 of 5 conditions met.

Now · Score · every section below follows this week
Week of 19 Oct 2026
The checklist

Five questions, answered

Each condition is a fixed rule with its reading now, a week ago and four weeks ago. Its line shows where it has been, against the threshold that decides it.
ConditionNow1 week ago4 weeks ago52 weeksMet?
Is the index above its long-term trend?
Nifty 50 above its 200-day average
−4.4%−5.3%✕ No
Are most stocks participating?
At least half the Nifty 500 above their 200-day average
42%50%✕ No
Is fear contained?
India VIX below its 70th percentile · VIX 14.77
50th pct25th pct✓ Yes
Is the index near its highs?
Nifty 50 within 10% of its peak
−12.1%−12.1%✕ No
Is the last month positive?
Nifty 50 up over one month
−0.3%−4.4%✕ No

Five fixed rules, scored one point each: 4–5 is Risk-on, 2–3 Mixed, 0–1 Risk-off. A description of conditions, not a recommendation.

How far from flipping

Each condition on its own scale: the dot is this week's reading (filled when the condition is met), the bar is the gap to the line that decides it, and the figure on the right is what it would take to flip. Descriptive: where the lines sit this week, not a forecast.

  • TrendNot met

    Nifty 50 above its 200-day average

    +5.7%Nifty 50 move to pass

    Passes above 24,191, the 200-day average.

  • BreadthNot met

    At least half the Nifty 500 above their 200-day average

    48stocks to pass

    Passes once 48 more stocks close above their 200-day average.

  • FearMet

    India VIX below its 70th percentile

    +1.56VIX points to fail

    Fails if India VIX closes above 16.33, its 70th percentile so far (now 14.77).

  • DepthNot met

    Nifty 50 within 10% of its peak

    +3.5%Nifty 50 move to pass

    Passes above 23,696, 10% below the record close.

  • MomentumNot met

    Nifty 50 up over one month

    +2.0%Nifty 50 move to pass

    Passes above 23,346, the close a month ago.

The levels that decide them

The Nifty 50 close (the bold line) against every price a condition uses, each with its distance from the close. The shaded stretch of the axis is where depth holds: within 10% of the record.

Nifty 50 levels used by the conditions, week of 19 Oct 2026
Record close · 26,329+15.0% from the close · depth measures from here
200-day average · 24,191+5.7% from the close · trend flips here
50-day average · 23,549+2.9% from the close
Close a month ago · 23,346+2.0% from the close · momentum flips here
10% below the record · 23,696+3.5% from the close · depth flips here
20% below the record · 21,063−8.0% from the close · a bear market
Nifty 50 close · 22,889week of 19 Oct 2026
This week

What changed

Trend breaks and fresh extremes across every NSE stock observed, for the selected week. Open any tile for the names.
▽ Fell / low▲ Rose / high
Long-term trendnet −57
Crossed the 200-day average
Fresh extremesnet −100
Closed at a 52-week high or low
Short-term trendnet −111
Crossed the 50-day average

Bars share one scale. Click a bar for the names.

Sectors that changed quadrant
  • DurablesImproving → Leading
  • Consumer svcsLeading → Improving
  • CementLagging → Improving
  • FMCGImproving → Leading
Screens

Where the strength is

Three plain screens, recomputed for every week in the time machine. Click a row to open the stock in the Lens.

Leader turnover

This week's leaders against last week's: who joined, who fell out (dashed), and the sectors leadership comes from. Click a name for the Lens.

111 leaders · +9 joined · −36 left · 102 held on

  • Other111

Correlation weather

The average correlation between Nifty 100 stocks over 26 weeks of returns. High: one tide moves everything and picking matters less. Low: stock selection carries more weight.

0.10.20.30.40.5moving as onestock-picker's market21 Nov 2025: 0.1419 Dec 2025: 0.1416 Jan 2026: 0.1613 Feb 2026: 0.1613 Mar 2026: 0.1810 Apr 2026: 0.178 May 2026: 0.265 Jun 2026: 0.273 Jul 2026: 0.2731 Jul 2026: 0.2728 Aug 2026: 0.2725 Sep 2026: 0.2519 Oct 2026: 0.210.21 · 19 OctNovFebMayJulOct

Above both the 50- and 200-day averages and within 5% of a 52-week high.

StockSectorvs 200-dayvs 50-dayFrom 52w high1M (latest)
TBZ
–+213.2%+62.0%0.0%–
VIJIFIN
–+151.4%+16.7%0.0%–
BAFNAPH
–+142.8%+45.5%0.0%–
CUBEXTUB
–+134.6%+109.5%0.0%–
DSKULKARNI
–+111.5%+55.6%0.0%–
VALIANTLAB
–+85.3%+30.4%0.0%–
RATNAVEER
–+80.0%+19.3%0.0%–
PCJEWELLER
–+79.4%+48.6%0.0%–
SBC
–+69.5%+32.5%0.0%–
PANACHE
–+68.9%+24.8%0.0%–
QUINTEGRA
–+67.2%+67.4%0.0%–
ONWARDTEC
–+65.7%+53.9%0.0%–
UNITEDPOLY
–+65.0%+28.2%0.0%–
SMARTLINK
–+56.4%+17.5%0.0%–
KRISHANA
–+54.1%+12.3%0.0%–
KROSS
–+47.0%+28.8%0.0%–
SHRINGARMS
–+45.6%+39.8%0.0%–
RBZJEWEL
–+45.2%+23.4%0.0%–
SONAMLTD
–+43.2%+15.9%0.0%–
MVGJL
–+42.6%+28.3%0.0%–
AAREYDRUGS
–+41.6%+20.1%0.0%–
THELEELA
–+33.3%+13.2%0.0%–
SHYAMMETL
–+32.0%+16.0%0.0%–
DHANBANK
–+27.1%+17.7%0.0%–
SOUTHBANK
–+27.0%+15.9%0.0%–
TIPSMUSIC
–+26.0%+17.2%0.0%–
TEXINFRA
–+23.3%+11.3%0.0%–
KARURVYSYA
–+21.6%+10.2%0.0%–
MGEL
–+21.3%+11.4%0.0%–
MUFIN
–+16.4%+5.0%0.0%–
KALYANI
–+4.1%+1.6%0.0%–
LAURUSLABS
–+47.4%+7.2%0.0%–
OMFREIGHT
–+26.3%+18.6%−0.1%–
PVRINOX
–+31.6%+12.4%−0.2%–
LAGNAM
–+18.9%+19.8%−0.2%–
CEIGALL
–+20.8%+10.3%−0.4%–
WHEELS
–+80.5%+28.1%−0.5%–
WORTHPERI
–+20.9%+10.9%−0.6%–
TECHM
–+19.1%+12.8%−0.6%–
KMEW
–+53.5%+14.0%−0.7%–
OAL
–+81.7%+32.1%−0.8%–
ONELIFECAP
–+94.8%+36.4%−0.9%–
HITECHCORP
–+74.2%+20.9%−0.9%–
SHIVAUM
–+47.7%+14.8%−0.9%–
ADVANCE
–+36.1%+30.0%−1.0%–
GCSL
–+66.8%+21.9%−1.0%–
STOVEKRAFT
–+30.4%+3.9%−1.1%–
AVADHSUGAR
–+89.3%+24.1%−1.1%–
HFCL
–+78.7%+15.7%−1.1%–
NRL
–+100.2%+21.4%−1.1%–
ABDL
–+30.8%+14.0%−1.2%–
NITINSPIN
–+35.5%+6.4%−1.2%–
VHLTD
–+14.2%+22.2%−1.2%–
KOTAKBANK
–+10.6%+6.8%−1.3%–
SWANDEF
–+38.2%+12.1%−1.3%–
AVTNPL
–+39.2%+13.4%−1.3%–
GOODLUCK
–+35.0%+18.6%−1.4%–
ONEPOINT
–+49.3%+30.9%−1.5%–
SANATHAN
–+23.9%+13.1%−1.5%–
INDHOTEL
–+10.6%+4.7%−1.6%–
Overnight

The night before

What the rest of the world did since India last traded.
  • S&P 500close 19 Oct+0.50%7,697.8US large caps rose.
  • Nasdaq Compositeclose 19 Oct+1.21%26,456Tech-heavy US shares rose.
  • Nikkei 225close 19 Oct−0.62%64,917Japan weak in Asia's morning.
  • Hang Sengclose 16 Oct+0.52%24,187Hong Kong up.
  • Brent crudeclose 19 Oct+0.23%110.1Dearer crude raises India's import bill.
  • USD / INRclose 19 Oct−0.04%94.92A firmer rupee often accompanies foreign inflows.
  • US 10Y yieldclose 19 Oct+1.02%5.150Higher US yields tighten global money.
  • Dollar indexclose 19 Oct+0.17%102.0A stronger dollar tends to weigh on emerging markets.
  • Goldclose 19 Oct−0.57%4,157.1Gold softer: less demand for safety.
Flows & positioning

Who bought, who sold, who is short

Cash-market activity from foreign and domestic institutions, and how each participant is positioned in index futures. Different datasets, each with its own date.

Foreign investors were net sellers of ₹1,149 cr in cash on 19-Oct-2026; domestic institutions absorbed ₹3,201 cr. In index futures, only 10% of foreign positions are long.

Cash market, net

Provisional, ₹ crore · 19-Oct-2026

Domestic institutions+₹3,201 cr
Sold ₹11,580 crBought ₹14,781 cr
Foreign portfolio investors−₹1,149 cr
Sold ₹12,389 crBought ₹11,241 cr

Index futures, open interest

Contracts by participant · 19 Oct 2026

Clients (retail & others)85% long · net +2,30,791
DII78% long · net +36,854
FII10% long · net −2,79,930
Proprietary desks58% long · net +12,285
LongShort

The trading day, in IST

000306091215182100
Tokyo
Shanghai
Hong Kong
India · NSE
Frankfurt
London
New York

Regular sessions converted to IST for today, with daylight saving applied. Exchange holidays are not modelled.

RBI policy repo rate
5.50%

Read from rbi.org.in on 19 Oct 2026. An observation, not an effective date.

Cash figures are NSE's provisional FII/FPI and DII trading activity for the date shown. Futures open interest is from NSE's participant-wise file for index futures; a long share below 50% means more short than long contracts. Positions can hedge holdings elsewhere, so a short is not necessarily a directional bet.

Readings

Every reading, in context

Each panel is one reading: where it is, which way it moved in four weeks, its year against the line that decides it, and what that means. Drag the time machine and they all follow.

In one paragraphThe Nifty 50 flies 5.4% below its 200-day average, sinking at 2.0% a month. Nose down: 40% of stocks are above their own line, banked toward small caps (48% vs 34%). Fear reads 14.8, higher than 58% of its history to date. Altitude lost from the peak: 13.1%, a correction. Heading Telecom; the weakest bearing is Utilities.

Trend−5.4%
Well below the line▽ 0.1 pts in 4 weeks
low −10%year rangehigh +7%

Condition not met. Nifty 50 against its 200-day average. Shaded: above the line.

Breadth40%
Narrow▽ 10 pts in 4 weeks
low 24%year rangehigh 69%

Condition not met. Nifty 500 stocks above their own 200-day average. Small caps 48%, large caps 34%.

Fear14.77
Ordinary▲ 2.6 in 4 weeks
low 0thyear rangehigh 99th

Condition met. India VIX, at the 58th percentile of its history to date. The line is that percentile; below the 70th passes.

Depth−13.1%
A correction▽ 1.0 pts in 4 weeks
low −15%year rangehigh 0%

Condition not met. Nifty 50 below its highest close so far. Within 10% of the peak passes.

Momentum−2.0%
Holding▲ 2.5 pts in 4 weeks
low −11%year rangehigh +7%

Condition not met. Nifty 50's change over the last month. A rising month passes.

LeadershipTelecom
Weakest: Utilities▽ 1 sector in 4 weeks
low 3year rangehigh 8

Sectors in the Leading quadrant each week (now 6 of 21). The leader has the strongest relative trend and momentum.

07 · Radar · live

The world, on one clock.

Each blip is a market, placed at the hour it trades in IST and pushed outward when it rose, inward when it fell. The sweep is the time now; quotes refresh every two minutes.

UNCHANGED↑ UP↓ DOWN0003060912151821Nifty 50SensexSmallcap 250FTSE 100DAXUS 10Y yieldNasdaq Composite

Hover a blip to read it. Markets trading right now pulse, and their session arc on the rim is lit.