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Below are Quote on Morning market 03rd June 2021 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"India is the best performing large market since the crash of late March 2020. This outperformance, when many developed economies are doing well and we are in a serious economic crisis, is paradoxical. Even though it can be rightly argued that the organised sector, which the market represents, is doing well, the fact remains that valuations are very high.  Of course, the economy is set to rebound in the last 3 quarters of FY 22 and corporate profits are likely to rise smartly. Even discounting these positives, valuations are stretched. Trading by the exploding number of retail investors (record 14.7million Demat accounts added in FY21) is playing an important role in this rally. Bull markets can surprise on the upside and therefore it makes sense to remain invested in this market. Bank Nifty has further room to go up. Investors should remember that at high valuations corrections will happen any time"

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