Time to start looking at largecaps: Prabhudas Lilladher's Vora

Amisha Vora, Prabhudas Lilladher believe tha tje largecaps currently seemed to be poised interestingly and so would be a good time to start looking at them, especially as we are heading into Budget, and with expectations of GST passage building up.The market bounced back in afternoon trade with the Nifty getting back above 7500 level, aided by Reliance Industries and Infosys that rallied 3 percent each. European markets gained around 1 percent following recovery in oil prices.However, with regards to midcaps and smallcaps, which so far had been holding the fort one needs to be cautious and have a selective approach. They have become very highly valued now, says Vora.According to her some margin calls also could have been triggered. Talking about the flows, she says the FIIs have not been buying aggressively but neither have they been big sellers but at the end of the day the DII number could be better than that of FII. DIIs so far have been a fair mix of mutual funds and insurance guys, she adds.