"Valuations are something that investors are looking at this given point of time and they are evaluating as we speak on where to probably go and invest. They are reaching attractive levels and long-term investors will probably take a relook at these given prices. Largecaps will tend to outperform over the next two quarters but it could be a good time to look at selective ideas but it is not going to be a raging bull market in smallcaps for next 2-3 months."