This sharp change occurs as Indian markets now trade at an 82% premium to other emerging markets, well above the 10-year average of 63%. Additionally, nearly 39% of non-financial stocks are trading above one standard deviation of their 10-year average PE ratios.

The defence stock rally is losing steam as mutual funds offloaded Rs 1,713 crore across nine stocks in June, led by Solar Industries, Zen Technologies, and Bharat Forge. Post-Operation Sindoor optimism and NATO-led tailwinds pushed valuations into overheated territory, prompting institutional exits amid concerns of stretched pricing and execution risks.

Investors are increasingly favoring silver over gold, driven by factors like a stretched gold-to-silver ratio and anticipated price convergence. Silver ETFs have significantly outperformed gold ETFs recently, fueled by safe-haven demand and a persistent global market deficit. Experts suggest that silver prices could reach $43 in the medium term and $50 in the longer term, making it an attractive investment.

India's IT sector faces challenges. Nifty IT index is the worst performer this year. TCS shares are down. Institutional investors are selling IT stocks. The sector is impacted by weak spending and AI. Experts suggest midcap IT might offer better growth. Technical analysis indicates further decline. The buy-and-hold strategy may no longer work for IT stocks.

JioBlackRock Mutual Fund has received Sebi’s approval to launch five index funds - JioBlackRock Nifty Midcap 150 Index Fund, JioBlackRock Nifty Next 50 Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, JioBlackRock Nifty 8-13 yr G-Sec Index Fund, and JioBlackRock Nifty 50 Index Fund

Radhika Gupta, CEO of Edelweiss Mutual Fund, says investors often rush into choosing between stocks, FDs, or mutual funds without understanding the basics. She urges beginners to focus on financial foundations—like risk, return, and protection—before selecting products, and to personalise their portfolios, not copy others.

Gold exchange-traded funds (ETFs) returns are fading. Silver ETFs are performing better. Investors are now confused about choosing between gold and silver. Some fund houses offer combined gold and silver funds. Experts suggest separate funds for active management. Combined funds suit hands-off investors. Diversifying into both metals balances the portfolio. Consider market volatility and geopolitical tensions.

The Nifty50 witnesses a valuation divergence as stocks like Eternal, Jio Financial, and Trent trade at triple-digit PEs, contrasting sharply with Coal India's modest valuation. This raises concerns about speculative excess versus rational pricing of future growth. Trent's recent performance highlights the risks of high valuations, prompting fund managers to emphasize consistent delivery and caution against herd mentality.

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Several BSE mid-cap stocks are trading at lower PE ratios than their industry averages, making them potential value picks. According to Trendlyne, these stocks could offer gains of up to 23% based on average broker targets, despite spanning diverse sectors. Here's the list: