New Delhi, Sept. 4 -- With headline indices look range-bound and valuations having undergone a period of correction, large-cap stocks are starting to look attractive again, as per R. Sivakumar, chief investment officer at Axis Mutual Fund.

He points out the current conditions provides the investors n opportunity to enter large-caps at more reasonable valuations but add a cautionory note that does not mean that market is cheap in absolute terms.

"Large-caps are trading more than one standard deviation below their long-term averages." That means investors are paying relatively less to own large companies compared with their own historical valuations, but "I'd stress, not absolutely cheap."

Sivakumar sees signs that some of the market's l...