Technical
Consolidating below 61.8% retracement
After plummeting on July 7 and 8, the Nifty is consolidating below the 61.8% retracement level, which is around 24250.
Stuck in a range
The Nifty index is stuck between 23800 and 24300 and a break on either side will lead to trending moves.
On slippery ground
The Nifty index failed to cross the 61.8% retracement level of the previous fall and it corrected in today’s trading sessions.
Tug of war
The Nifty recovered smartly from lows and tested the 61.8% retracement level of the previous fall i.e. 24250.
Commodities
Natural Gas – Sell on Bounce
MCX Natural gas futures traded 0.18% lower in today’s trading session.
LME Copper advances as Miner updates drop in production
Hormuz risk remains elevated
Eagle Eye Commodity dated July 16, 2026
Day to day update of levels for commodities.
Commodity Info Kit dated July 16, 2026
Day to day update of price, volume and open interest in commodities.
Fundamental
Protection segment powers VNB growth; margins
Strategic focus remains centred on growing absolute VNB over margin maximisation, ensuring sustainable profitability across changing market cycles
Broad-based growth; resilient margins
We maintain a Buy rating with a revised PT of Rs. 715 as long-term growth prospects remain intact as banking channel volumes revive and margins stay stable.
Improving growth and margins largely priced
However, considering that much of the improvement is already reflected in valuations, we retain a HOLD rating on the stock, valuing the stock at 3,600 on FY28E EPS of 155.7.
Designed to shine
We initiate coverage on Sky Gold & Diamonds (SKYGOLD) with a Buy, assigning a price target of Rs. 850. Stock trading at 22.6x/16.8x its FY27E/FY28E earnings.
F&O
Derivatives Info Kit dated July 15, 2026
Day to day update of key PCR and change in open interest data for key indices and F&O stocks.
Derivatives Info Kit dated July 14, 2026
Day to day update of key PCR and change in open interest data for key indices and F&O stocks.
Derivatives Info Kit dated July 13, 2026
Day to day update of key PCR and change in open interest data for key indices and F&O stocks.
Derivatives Info Kit dated July 10, 2026
Day to day update of key PCR and change in open interest data for key indices and F&O stocks.
Macro & Strategy
Commodities cheer as US CPI slides first time since 2020
US consumer prices in June declined for the first time in six years
Is the Worst Over for Gold?
Strategy: Retain gold exposure through ETFs; softer US CPI supports accumulation, while an over 4.2% CPI could extend near-term pressure.
A Goal for Global Growth
The US-Iran war has been one of the most important geopolitical events affecting global financial markets.
A Goal for Global Growth
The US-Iran war has been one of the most important geopolitical events affecting global financial markets.
Mutual fund-related information provided on this platform are generated exclusively by Mirae Asset Sharekhan's internal Product Team, utilizing data and insights backed by reputable Third-Party Research Rating agencies. Please note that these outputs and product selections are independent and do not fall under the purview, supervision, or editorial control of the Mirae Asset Sharekhan Research Team. Investors should read all scheme-related documents (SID/KIM) carefully before investing in Mutual Funds and consult a professional advisor to ensure alignment with their financial goals and risk profile.
Mutual Fund
Investment Strategy – July 2026
Oil prices have eased to around US$75 per barrel, while moderating global uncertainties have improved the macroeconomic outlook and market sentiment.
Top Picks - July 2026
Top Picks of July-26 for Mutual fund, ETF, SIF, PMS and AIF strategies
Investment Strategy – June 2026
Markets remained largely neutral in May 2026 and in the near term, they are expected to be driven by global uncertainties.
Top Picks - June 2026
For June 2026, we have replaced schemes in “Focused, mid cap and thematic” categories.
ETF
Cautiously optimistic on recovery
This month, our ETF picks include funds from the Automotive, pharmaceuticals and Power and Energy sectors.
Diversified basket for volatile times
This month, our ETF picks include funds from the consumption, pharmaceuticals and banking sectors.
Precious metals face headwinds in short run, to shine in the long-to-medium term
Silver prices plunged after hitting a record high of $121.65 on January 29, 2026. Silver, currently at $78.60, is up by ~9% YTD.
Diversify with PSU, Pharma ETFs, eyeing long-term growth
In the current volatile market, we recommend shifting focus to defensive sectors via select PSU and Pharma ETFs.
