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NIFTY 50
22,888.95
-257.20 (-1.11%)
NIFTY MIDCAP 100
58,487.95
-641.80 (-1.09%)
NIFTY BANK
55,488.10
-355.90 (-0.64%)
Dow Futures
52,606.00
+639.40 (+1.23%)
Indian market · Previous close · 19 Oct, 3:30 pm IST
Themes

Top-down themes, bottom-up value

Each theme pairs a thesis with a curated stock shortlist, ranked by U-Score and MoS. Theme Pulse shows what is moving now; the atlas and library help you drill into the investable story without losing bottom-up valuation discipline.

Theme intelligence

Find leadership, then test whether the evidence is broad

Rotation answers when a theme is strengthening. Quality, valuation, breadth, and membership coverage show whether it deserves deeper research.

Themes tracked
83
54 pass history coverage
Strongest 1M
Media, Entertainment & Gaming
+12.0%
Median membership coverage
100%
Latest valid weekly observations
Requires review
29
Thin history or membership coverage

Relative-strength rotation

Weekly · 12-week tails · centre line = cross-sectional average

ImprovingLeadingLaggingWeakeningGems & Jewellery: RS 121.4, momentum 98.6, WeakeningMedia, Entertainment & Gaming: RS 118.6, momentum 116.9, LeadingMedia, Entertainment…SME / Micro-cap Defence Suppliers: RS 109.1, momentum 118.5, LeadingPaints: RS 106.9, momentum 100.9, LeadingMetals & Mining: RS 105.5, momentum 100.1, LeadingCapital Markets & Wealth: RS 105.2, momentum 107.3, LeadingOil & Gas: RS 105.1, momentum 99.5, WeakeningAI / IT: RS 103.9, momentum 101.6, LeadingHospitality & Tourism: RS 103.9, momentum 102.3, LeadingBiopharma & Biosimilars: RS 103.8, momentum 100.2, LeadingHealthcare & Hospitals: RS 103.6, momentum 94.3, WeakeningPharma: RS 103.6, momentum 94.3, WeakeningPaper & Packaging: RS 103.4, momentum 90.9, WeakeningDefence & Marine Engineering: RS 102.9, momentum 101.4, LeadingFMCG / Consumption: RS 102.8, momentum 101.9, LeadingTextiles: RS 102.7, momentum 101.5, LeadingRetail & Consumer Platforms: RS 102.3, momentum 97.4, WeakeningManufacturing: RS 102.1, momentum 98.6, WeakeningLogistics: RS 101.9, momentum 105.3, LeadingAuto Components: RS 101.8, momentum 93.1, WeakeningSteel: RS 101.6, momentum 93.8, WeakeningSemiconductor & Electronics Ecosystem: RS 101.5, momentum 97.3, WeakeningFood Processing: RS 101.1, momentum 105.9, LeadingDrones & Counter-UAS: RS 101.1, momentum 99.6, WeakeningCapital Goods: RS 101.0, momentum 99.6, WeakeningAutomobiles & OEMs: RS 100.6, momentum 98.4, WeakeningBanking: RS 100.3, momentum 101.2, LeadingMedical Devices & Diagnostics: RS 100.3, momentum 90.2, WeakeningTelecom: RS 100.3, momentum 103.8, LeadingPower Transmission Equipment: RS 100.1, momentum 101.8, LeadingInfrastructure: RS 99.5, momentum 102.1, ImprovingAerospace & Space: RS 99.3, momentum 97.6, LaggingRailways Capex & Equipment: RS 98.7, momentum 100.7, ImprovingConsumer Durables: RS 98.5, momentum 103.3, ImprovingDefence: RS 98.2, momentum 99.8, LaggingInsurance: RS 98.2, momentum 99.8, LaggingSpecialty Chemicals & Pharma Intermediates: RS 97.7, momentum 92.1, LaggingNBFC: RS 97.4, momentum 98.7, LaggingRailways: RS 97.4, momentum 104.6, ImprovingShipping & Shipbuilding: RS 97.0, momentum 107.2, ImprovingPSU: RS 95.7, momentum 102.8, ImprovingEV: RS 95.4, momentum 98.3, LaggingFertilizers & Agrochemicals: RS 94.9, momentum 97.2, LaggingAviation: RS 94.9, momentum 104.9, ImprovingReal Estate: RS 93.4, momentum 100.7, ImprovingRenewable Energy: RS 92.9, momentum 99.2, LaggingPower: RS 91.9, momentum 104.0, ImprovingHousing Finance: RS 91.1, momentum 102.1, ImprovingCritical Minerals & Circular Materials: RS 89.8, momentum 91.4, LaggingBESS: RS 89.7, momentum 85.2, LaggingWater & Wastewater Management: RS 89.5, momentum 96.5, LaggingEdtech / Education: RS 88.1, momentum 96.9, LaggingCement: RS 87.8, momentum 94.3, LaggingGreen Hydrogen: RS 86.7, momentum 106.0, ImprovingRelative strength vs Nifty 500 →Momentum / acceleration →

Improving means relative momentum is above average while relative strength is still below average. It is an early research queue, not a buy signal.

Selected theme

Media, Entertainment & Gaming vs Nifty 500

Weekly equal-weighted theme index, rebased to 100. Hover a point for its date and value.

Open theme
Not enough aligned weekly history for a comparison chart.

Broadcasting, film, music, advertising, gaming, animation, and exhibition businesses.

Ranked themes

Sorted by 1m price return. Select a row to update the evidence above.

Robust equal weight · coverage guarded
#ThemeReturnBreadthCoverageRotationQualityAction
1
Low-score rally
+12.0%75%8/8 · 100%LeadingU 37.3Trust 66Open
2
Low-score rally
+11.0%60%5/7 · 71%LeadingU 38.8Trust 62Open
3
Speculative spike
+9.9%43%28/28 · 100%WeakeningU 49.5Trust 71Open
4
Data thin
+4.4%33%3/4 · 75%LeadingU 33.3Trust 70Open
5
Data thin
+1.7%67%3/3 · 100%WeakeningU 38.7Trust 70Open
6
Data thin
+1.6%33%3/3 · 100%LeadingU 17.7Trust 55Open
7
Speculative spike
+0.5%42%12/12 · 100%ImprovingU 38.3Trust 74Open
8
Data thin
+0.4%67%3/3 · 100%LeadingU 45Trust 75Open
9
Data thin
+0.4%33%3/3 · 100%LeadingU 50.7Trust 74Open
10
Weak breadth
-0.2%50%6/6 · 100%LeadingU 37.2Trust 73Open
11
Data thin
-0.2%25%4/4 · 100%LaggingU 45Trust 76Open
12
Data thin
-0.7%33%3/4 · 75%WeakeningU 34Trust 71Open
13
Data thin
-1.8%67%3/3 · 100%LeadingU 26.3Trust 67Open
14
Weak breadth
-1.8%40%178/178 · 100%LeadingU 43.5Trust 70Open
15
Weak breadth
-2.0%38%24/26 · 92%LeadingU 43.1Trust 70Open

Latest weekly contributors

Constituent price return, not portfolio attribution

Contribution evidence is not available.
Breadth history is not available.
Price evidence through 19 Oct 2026 · Benchmark: Nifty 500Current-member weekly equal-weight returns (5% tails trimmed for baskets of 10+), compounded and rebased to 100 against Nifty 500; lagging weekly rollups are patched with the final available daily close, and rotation uses 13-week excess return with four-week acceleration.

Find a theme

Search themes, sectors, aliases, sub-themes, tags, and focus areas.

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Curated theme atlas

50 investable narratives, grouped for faster idea discovery

Use this as the map. Every theme below opens either the live theme page or the scanner fallback when the tag still needs coverage. Micro/SME exposure should stay opt-in unless liquidity and governance filters pass.

50
Themes
78
Strongest
3
Groups
Oil & Gas · 78Infrastructure · 74Healthcare & Hospitals · 74Insurance · 73Capital Goods · 72

Core Economic & Infra

#1Capital Goods
Infra and industrial capex
72
High Conviction·12 curated·Open theme
Outperforming +2.8%Capital Goods -0.1% vs Nifty 500 -2.8% | Outperforming +2.8%
#2Infrastructure
Roads, ports, urban infra
74
High Conviction·12 curated·Open theme
Underperforming -10.2%Infrastructure -12.7% vs Nifty 500 -2.8% | Underperforming -10.2%
#3Power Sector
Generation and transmission
64
Selective·11 curated·Open theme
Underperforming -12.6%Power Sector -15.0% vs Nifty 500 -2.8% | Underperforming -12.6%
#4Renewable Energy
Solar, wind, clean power
62
Selective·11 curated·Open theme
Underperforming -12.2%Renewable Energy -14.7% vs Nifty 500 -2.8% | Underperforming -12.2%
#5Railways
Modernisation and manufacturing
66
Moderate·10 curated·Open theme
Underperforming -6.5%Railways -9.1% vs Nifty 500 -2.8% | Underperforming -6.5%
#6Water & Wastewater Management
Jal Jeevan, sewage treatment
69
Moderate·12 curated·Open theme
Underperforming -3.6%Water & Wastewater Management -6.3% vs Nifty 500 -2.8% | Underperforming -3.6%
#7Logistics
Ports, warehousing, supply chain
71
Moderate-High·10 curated·Open theme
Underperforming -1.6%Logistics -4.4% vs Nifty 500 -2.8% | Underperforming -1.6%

Energy & Commodity

#8Oil & Gas
Refining and upstream
78
High Conviction·11 curated·Open theme
Outperforming +8.4%Oil & Gas +5.4% vs Nifty 500 -2.8% | Outperforming +8.4%
#9Metals & Mining
Steel, coal, copper
67
Moderate·11 curated·Open theme
Underperforming -0.1%Metals & Mining -2.9% vs Nifty 500 -2.8% | Underperforming -0.1%
#10Steel
Integrated steel
68
Moderate·10 curated·Open theme
Underperforming -6.5%Steel -9.1% vs Nifty 500 -2.8% | Underperforming -6.5%
#11Cement
Construction materials
70
Moderate·10 curated·Open theme
Underperforming -10.7%Cement -13.2% vs Nifty 500 -2.8% | Underperforming -10.7%
#12Green Hydrogen
Early-stage energy transition
58
Selective·10 curated·Open theme
Underperforming -17.8%Green Hydrogen -20.1% vs Nifty 500 -2.8% | Underperforming -17.8%
#13BESS
Grid storage
64
Moderate-High·11 curated·Open theme
Underperforming -5.6%BESS -8.2% vs Nifty 500 -2.8% | Underperforming -5.6%
#50Critical Minerals & Circular Materials
Strategic materials and recycling
61
Selective·15 curated·Open theme
Underperforming -14.1%Critical Minerals & Circular Materials -16.5% vs Nifty 500 -2.8% | Underperforming -14.1%

Financial & Defensive

#14Banking
Private and PSU banks
71
High·12 curated·Open theme
Outperforming +2.7%Banking -0.2% vs Nifty 500 -2.8% | Outperforming +2.7%
#15NBFC
Retail and infra finance
67
Selective·11 curated·Open theme
Underperforming -2.5%NBFC -5.2% vs Nifty 500 -2.8% | Underperforming -2.5%
#16Insurance
Life and general insurance
73
High Conviction·10 curated·Open theme
Underperforming -3.1%Insurance -5.8% vs Nifty 500 -2.8% | Underperforming -3.1%
#17PSU
Government-owned giants
70
Selective·13 curated·Open theme
Underperforming -10.2%PSU -12.7% vs Nifty 500 -2.8% | Underperforming -10.2%
#44Capital Markets & Wealth
Exchanges, brokers, AMCs and wealth platforms
68
Moderate-High·18 curated·Open theme
Outperforming +5.3%Capital Markets & Wealth +2.4% vs Nifty 500 -2.8% | Outperforming +5.3%
#45Housing Finance
Mortgage and affordable-housing lenders
66
Moderate·12 curated·Open theme
Underperforming -10.4%Housing Finance -12.9% vs Nifty 500 -2.8% | Underperforming -10.4%
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The first 20 atlas entries are open. Sign in to browse all curated themes and scanner fallbacks. 30 more rows available after sign-in.

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Regular theme library

Each mini-plot compares 26 weekly observations: green while the theme is ahead, red while behind, and Nifty 500 in grey.

Open a theme for the full one-year plot and methodology

Shipping & Shipbuilding

Nifty 500 commercial shipping and shipbuilding companies.

5 stocks
ShippingNifty 500Auto-built
26-week price pathTheme vs Nifty 500
Underperforming -16.7%Shipping & Shipbuilding -19.0% vs Nifty 500 -2.8% | Underperforming -16.7%
Theme score
79
Quality
94
Value
75
Momentum
50
Avg U-Score: 64.4
Deep value names: 4
Investability: Strong
Open theme →

Critical Minerals & Circular Materials

Strategic mineral processors plus metals, battery, plastic, and electronic-waste recyclers.

14 stocks
Critical MaterialsAuto-built
26-week price pathTheme vs Nifty 500
Underperforming -14.1%Critical Minerals & Circular Materials -16.5% vs Nifty 500 -2.8% | Underperforming -14.1%
Theme score
65
Quality
72
Value
65
Momentum
50
Avg U-Score: 57.6
Deep value names: 9
Investability: Healthy
Open theme →

Edtech / Education

Education, publishing, test preparation, and skill development.

6 stocks
EducationAuto-built
26-week price pathTheme vs Nifty 500
Underperforming -1.4%Edtech / Education -4.2% vs Nifty 500 -2.8% | Underperforming -1.4%
Theme score
59
Quality
52
Value
73
Momentum
50
Avg U-Score: 51.3
Deep value names: 4
Investability: Selective
Open theme →

Steel

Integrated steel and value-added steel producers.

8 stocks
SteelAuto-built
26-week price pathTheme vs Nifty 500
Underperforming -6.5%Steel -9.1% vs Nifty 500 -2.8% | Underperforming -6.5%
Theme score
57
Quality
60
Value
55
Momentum
50
Avg U-Score: 53.9
Deep value names: 4
Investability: Selective
Open theme →

Automobiles & OEMs

Passenger vehicles, commercial vehicles, tractors, two-wheelers, and listed EV manufacturers.

17 stocks
AutomobilesAuto-built
26-week price pathTheme vs Nifty 500
Underperforming -0.4%Automobiles & OEMs -3.2% vs Nifty 500 -2.8% | Underperforming -0.4%
Theme score
55
Quality
57
Value
56
Momentum
50
Avg U-Score: 52.8
Deep value names: 9
Investability: Selective
Open theme →

Banking

Banks and lending franchises across public and private ownership.

48 stocks
BankingAuto-built
26-week price pathTheme vs Nifty 500
Outperforming +2.7%Banking -0.2% vs Nifty 500 -2.8% | Outperforming +2.7%
Theme score
53
Quality
38
Value
73
Momentum
51
Avg U-Score: 46.8
Deep value names: 35
Investability: Selective
Open theme →

Housing Finance

Mortgage lenders and affordable-housing finance companies.

12 stocks
Housing FinanceAuto-built
26-week price pathTheme vs Nifty 500
Underperforming -10.4%Housing Finance -12.9% vs Nifty 500 -2.8% | Underperforming -10.4%
Theme score
53
Quality
23
Value
95
Momentum
50
Avg U-Score: 42.1
Deep value names: 11
Investability: Selective
Open theme →

Oil & Gas

Refining, upstream, LNG, pipelines, and energy-security plays.

37 stocks
Oil & GasAuto-built
26-week price pathTheme vs Nifty 500
Outperforming +8.4%Oil & Gas +5.4% vs Nifty 500 -2.8% | Outperforming +8.4%
Theme score
49
Quality
48
Value
49
Momentum
51
Avg U-Score: 49.9
Deep value names: 18
Investability: Selective
Open theme →

Gems & Jewellery

Organised jewellery retail, exports, and gold-linked consumption.

28 stocks
JewelleryAuto-built
26-week price pathTheme vs Nifty 500
Outperforming +29.7%Gems & Jewellery +26.1% vs Nifty 500 -2.8% | Outperforming +29.7%
Theme score
48
Quality
46
Value
49
Momentum
51
Avg U-Score: 49.5
Deep value names: 14
Investability: Selective
Open theme →

Auto Components

Auto ancillaries, EV components, safety, electronics, and exports.

45 stocks
Auto ComponentsAuto-built
26-week price pathTheme vs Nifty 500
Outperforming +7.7%Auto Components +4.7% vs Nifty 500 -2.8% | Outperforming +7.7%
Theme score
46
Quality
36
Value
54
Momentum
51
Avg U-Score: 46.4
Deep value names: 23
Investability: Selective
Open theme →

Food Processing

Packaged food, beverages, dairy, snacks, rice, and marine processing.

37 stocks
Food ProcessingAuto-built
26-week price pathTheme vs Nifty 500
Underperforming -1.5%Food Processing -4.3% vs Nifty 500 -2.8% | Underperforming -1.5%
Theme score
46
Quality
37
Value
54
Momentum
50
Avg U-Score: 46.5
Deep value names: 20
Investability: Selective
Open theme →

Green Hydrogen

Hydrogen optionality across energy, electrolysers, and industrial decarbonisation.

9 stocks
Green HydrogenAuto-built
26-week price pathTheme vs Nifty 500
Underperforming -17.8%Green Hydrogen -20.1% vs Nifty 500 -2.8% | Underperforming -17.8%
Theme score
45
Quality
44
Value
43
Momentum
50
Avg U-Score: 48.9
Deep value names: 4
Investability: Selective
Open theme →

Water & Wastewater Management

Water treatment, sewage, recycling, pipes, and environmental infra.

9 stocks
WaterAuto-built
26-week price pathTheme vs Nifty 500
Underperforming -3.6%Water & Wastewater Management -6.3% vs Nifty 500 -2.8% | Underperforming -3.6%
Theme score
45
Quality
39
Value
50
Momentum
50
Avg U-Score: 47.2
Deep value names: 4
Investability: Selective
Open theme →

Capital Markets & Wealth

Exchanges, depositories, brokers, asset managers, registrars, ratings, and wealth platforms.

18 stocks
Capital MarketsAuto-built
26-week price pathTheme vs Nifty 500
Outperforming +5.3%Capital Markets & Wealth +2.4% vs Nifty 500 -2.8% | Outperforming +5.3%
Theme score
44
Quality
49
Value
36
Momentum
51
Avg U-Score: 50.2
Deep value names: 2
Investability: Stretched
Open theme →

Fertilizers & Agrochemicals

Fertilizers, crop protection, agri-inputs, and rural recovery.

10 stocks
AgrochemicalsAuto-built
26-week price pathTheme vs Nifty 500
Underperforming -7.3%Fertilizers & Agrochemicals -9.9% vs Nifty 500 -2.8% | Underperforming -7.3%
Theme score
44
Quality
31
Value
55
Momentum
50
Avg U-Score: 44.8
Deep value names: 4
Investability: Stretched
Open theme →

PSU

Public-sector companies across banks, energy, defence, rail, and infrastructure.

36 stocks
PSUAuto-built
26-week price pathTheme vs Nifty 500
Underperforming -11.9%PSU -14.4% vs Nifty 500 -2.8% | Underperforming -11.9%
Theme score
44
Quality
39
Value
48
Momentum
50
Avg U-Score: 47.1
Deep value names: 18
Investability: Stretched
Open theme →

EV

Electric vehicle, component, battery, and mobility-adjacent exposure.

95 stocks
EVAuto-built
26-week price pathTheme vs Nifty 500
Underperforming -7.3%EV -9.9% vs Nifty 500 -2.8% | Underperforming -7.3%
Theme score
43
Quality
35
Value
49
Momentum
50
Avg U-Score: 45.9
Deep value names: 43
Investability: Stretched
Open theme →

Renewable Energy

Solar, wind, clean power, and renewable equipment exposure.

98 stocks
Renewable EnergyAuto-built
26-week price pathTheme vs Nifty 500
Underperforming -12.2%Renewable Energy -14.7% vs Nifty 500 -2.8% | Underperforming -12.2%
Theme score
42
Quality
33
Value
48
Momentum
50
Avg U-Score: 45.4
Deep value names: 44
Investability: Stretched
Open theme →

NBFC

Retail, vehicle, gold, MSME, and infrastructure finance companies.

102 stocks
NBFCAuto-built
26-week price pathTheme vs Nifty 500
Underperforming -2.5%NBFC -5.2% vs Nifty 500 -2.8% | Underperforming -2.5%
Theme score
41
Quality
20
Value
62
Momentum
50
Avg U-Score: 41.3
Deep value names: 51
Investability: Stretched
Open theme →

Paper & Packaging

Paper, boards, flexible packaging, and plastic-substitution plays.

32 stocks
PackagingAuto-built
26-week price pathTheme vs Nifty 500
Outperforming +5.2%Paper & Packaging +2.3% vs Nifty 500 -2.8% | Outperforming +5.2%
Theme score
38
Quality
30
Value
42
Momentum
51
Avg U-Score: 44.5
Deep value names: 16
Investability: Stretched
Open theme →
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Themes are curated editorially, not generated by AI. Stock lists update as we revise conviction. All information is for study purposes only — this is a research starting point, not investment advice. Consult your financial advisor before acting.