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Below are Quote on Morning market 02 July 2021 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"Sustained FII selling and high valuations are the major reasons for the weakness in the market now. It is normal & rationale for FIIs to sell & book profits at the present elevated valuations. HNIs also might be tempted to partially book profits. Since DIIs are getting big inflows they might continue to buy, but the buying is happening mainly in high-quality large-caps with good earnings visibility. Even in the event of a sharp correction in the market, these blue chips will decline only less- proportionately and will bounce back smartly in the next leg of the rally. So, there is safety in large-caps and high risk in many small-caps which are being pushed up by newbie retail investors. A lesson from history is that fundamentally unsound small-caps, the so-called 'cats & dogs', run up too much before a big correction"

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