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.
Technical
Volatility spikes
Despite a gap-down opening, the Nifty recovered smartly in the second half, managing to hold the support of 23900.
Risking a downside breach
The Nifty broke above the swing high of 24181 and rose higher to test the gap zone of 24300-24350 formed on the hourly chart.
Pullback fizzles, pain persists
The pullback in the Nifty fizzled out around the 40-HEMA, with selling pressure emerging there.
Bulls make a comeback
The Nifty bounced back after posting three consecutive negative daily closings.
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.
Commodities
US-Iran negotiation optimism drive markets higher
Oil lower on Iran’s peace proposal
Commodity Info Kit dated May 04, 2026
Day to day update of price, volume and open interest in commodities.
Eagle Eye Commodity dated May 04, 2026
Day to day update of levels for commodities.
FOMC: A hawkish pause as inflation concerns linger
On April 29, the US Federal Reserve voted 8-4 to hold its benchmark rate, in its third straight pause, at 3.5%-3.75% Range.
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.
F&O
Derivatives Info Kit dated April 30, 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 April 29, 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 April 28, 2026
Day to day update of key PCR and change in open interest data for key indices and F&O stocks.
Rollover analysis for May 2026 series
The Nifty saw a strong counter-trend rally in April and ended up ~7%.
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.
Macro & Strategy
FOMC: A hawkish pause as inflation concerns linger
On April 29, the US Federal Reserve voted 8-4 to hold its benchmark rate, in its third straight pause, at 3.5%-3.75% Range.
US March CPI: Surged by the most in nearly four years
US CPI in March surged by the most in nearly four years as gasoline prices skyrocketed amid the US-Iran war.
A long-awaited pause
The Pakistan mediated negotiations scheduled to commence on April 10, 2026 take place against the backdrop of a fragile, two week ceasefire announced on April 8
Vigilance and proactiveness amid global uncertainties
The Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 5.25% and neutral stance.
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.
Fundamental
Long term outlook remains strong
For Q4FY26, revenue/EBITDA/PAT below our expectations by 10%/7.8%/1%.
Staying efficient despite headwinds
At CMP, the stock trades at 8.5x, 7x, 5.8x its CY26E, CY27E and CY28E BV. We maintain a Buy rating on the stock with a PT of Rs. 5,032 (or a 22% upside).
Mixed bag Q4; yet steel demand upcycle bodes well
At CMP, MOIL trades at 6.5x/5.1x for FY27E/FY28E EV/EBITDA. We lower our PT to Rs. 360 while maintaining a Buy rating.
Focusing squarely on profitability
PAT grew 22.2% y-o-y driven by lower credit cost and PPOP, slightly below estimates. Asset quality improved.
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.
ETF
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.
Budget and trade deal tailwinds awaited
Defence and Pharma sectors are poised for rebound on budget policy tailwinds and trade deals, offering structural growth while anchoring portfolios amid economic uncertainty.
Picking the right cherries
In this inaugural edition of our Equity ETF Picks report, we look at three key themes – automobile, PSU banks and the Nifty 50 itself
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 – April 2026
Rising geopolitical tensions and volatile crude oil prices could keep global markets sensitive to developments in West Asia, weighing on growth and inflation
Top Picks - April 2026
For April 2026, we have replaced “TATA Small Cap” with “Union Small Cap”, “Invesco India Aggressive Hybrid” with “ICICI Pru Equity & Debt”, “Sundaram Multi Asset Allcation” with “Franklin India Multi-
Investment Strategy – March 2026
India’s macro environment remains strong, supported by low inflation, stable fiscal metrics, and healthy liquidity conditions.
Top Picks - March 2026
The Top Picks report includes Mutual Fund, SIF, PMS, AIF and Corporate Fixed Deposit schemes.
