Quote on Morning market 14 July 2021 By V K Vijayakumar, Geojit Financial
Below are Quote on Morning market 14 July 2021 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Raging bull markets normally end with some clear signs such as too many media stories of huge wealth creation in markets, hyper retail trading activity, froth in mid-small-caps and even average IPOs getting hugely over-subscribed. Discerning investors can find all these features in the market now. This calls for caution and a conservative approach to investment, going forward. A sharp correction may happen, or the bull may continue to run. Whatever the outcome, safety is in quality large-caps which are moving only slowly now and not in small-caps that are flying away. There is a bubble in small-caps which will end badly for the newbie retail investors chasing these small-caps. Investors may book some profits and move the money to fixed income and remain invested in quality large-caps in IT, metals, pharma, cement and FMCG"
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