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Gold stocks remain overvalued as India markets brace for volatile, fuel driven swings
Economy
Published on 12 May 2026
Defensive play looks safer, but valuations say otherwise
Indian markets are seeing choppy trade as geopolitical tensions and rising fuel prices push investors toward defensive sectors. While stocks may stay range-bound in the near term, market watchers still see selective long-term opportunities. However, Aditya Shah warns that gold stocks and capital goods are facing valuation concerns, limiting upside despite the recent correction.
- Geopolitical tension and higher fuel prices are driving market caution
- Investors are shifting toward defensive sectors amid volatility
- Near-term trading is likely range-bound, but selective long-term gains remain
- Gold stocks and capital goods look overvalued by valuations
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times