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Below is quote on Morning market 15 September 2021 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The primary driver of this bull run has been liquidity and therefore a reversal of the trend is likely to happen only with decline in liquidity, particularly capital outflows triggered by FPI selling. Even though there were signs of this happening in July, there are no such signals now. In fact the reverse is happening  with continuous FPI buying during the last few days. CPI inflation in US for August coming at below expectations at 5.3 % gives credence to the Fed's view that inflation is transient. This can support further FPI inflows into India, which, in turn, can impart resilience to the market. But investors should remember that these positive developments are pushing valuations very high.The outperformance of the broader market continues this month with disproportionate rise in some mid-small-cap stocks. There is hyper speculative activity in the broader market. Investors should be cautious operating in this segment."

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