Never fight liquidity but never ignore valuation. Given that valuations are not very cheap, any disappointment on any front, be it decline in the foreign flows or any domestic development increases the chances of sharp correction across the market. If one is looking to invest in equity, it would be better to have exposure to largecaps and have more checks and balances while picking the stocks. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “hold” or a “buy” or a "strong buy".