Technical
20DMA held
The Nifty has once again held above the 20DMA and witnessed some buying interest at lower levels.
Rebound from the support
The Nifty witnessed a volatile trading session and breached the short-term moving averages
Loss of momentum
The Nifty saw downwards consolidation after the opening session indicating bears grip.
Choppy session
The Nifty continued to consolidate above the triangle breakout point for the past few trading sessions.
Commodities
Gold viewpoint call: profit booked
We booked profit in the call at $4383 (MCX Gold mini-September contract at Rs 152,552) on August 11, 2026.
Precious metals bottoming out
Spot gold prices slumped to an eight-month low of $3943 on June 30 as rate hike fears due to high crude oil prices gripped the markets
Copper – Pullback
MCX Copper remains in a strong uptrend. The trendline breakout, along with a higher-high, higher-low formation, signals a bullish short-term trend.
US July CPI inflation in line with the forecast
CPI edging lower amid weak payroll report means no pressing need to hike rate; however, rate hike probability still high.
Fundamental
On a strong growth path
Management indicated that Carysil is currently sitting on its highest-ever export order book, supported by Home Depot
Investment phase continues; growth steady but profitability recovery delayed
Q1FY27 revenue growth was steady, but profitability remained weak as higher depreciation, finance cost and investments in newer platforms weighed on earnings.
Weakness persists
Exports remained weak amid a prolonged industry downturn, and steady pricing pressure further weighed on performance,
Healthy Q1; Stretched valuations limit upside
We maintain a Hold rating with a PT of Rs. 5,000, as current valuations largely reflect the company’s long-term growth
Macro & Strategy
US July CPI inflation in line with the forecast
CPI edging lower amid weak payroll report means no pressing need to hike rate; however, rate hike probability still high.
Extended pause; data to guide rate re-calibration
Stable rates should continue to support NIM visibility across banks, NBFCs and other rate-sensitive sectors like housing, infrastructure, etc.
FOMC July 29: No hawkish surprises
The US Federal Reserve’s FOMC left the key interest rate unchanged at 3.50%-3.75%
Commodities cheer as US CPI slides first time since 2020
US consumer prices in June declined for the first time in six years
F&O
Derivatives Info Kit dated August 12, 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 August 11, 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 August 10, 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 August 07, 2026
Day to day update of key PCR and change in open interest data for key indices and F&O stocks.
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
Top Picks - August 2026
For August 2026, we have replaced schemes in “Large Cap and Flexi Cap” categories.
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.
ETF
Precious metals slump on rate hike fears
Precious metals slumped on US Fed rate hike concerns as the Iran war pushes up inflation
Taking defensive and long-term growth into consideration
This month, our ETF picks include funds from the Pharmaceuticals and Power & Energy sectors.
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.
InvesTiger
InvesTiger Monthly Performance – July 2026
Here’s a glance at the vital stats of our investment portfolios
