New Delhi: Hyper speculative and trading activity has pushed many mid and small cap stocks to frothy valuations and correction in these stocks is only a matter of time, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The recent correction in the market has not changed the underlying uptrend in the market. FII selling is being countered by sustained DII and retail buying. And the strength of the economy is providing fundamental support to the market. Therefore, FII selling is not strong enough to pull down the market hugely, unlike in the past when FIIs used to call the shots, he said. This feature of the market can be utilised by investors to buy quality stock
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