Where to invest as market headwinds ease: Motilal Oswal backs mid and smallcaps, favours gold over silver

Motilal Oswal says several headwinds facing Indian equities are easing, supported by stronger earnings, positive FII flows and domestic demand. It remains Neutral on equities but Overweight on mid- and small-caps, while preferring gold over silver and accrual-focused fixed-income strategies.