The Hindu Business Line : `No reason to panic'

"There is no reason to panic from the fall — if anything the deep correction provides a buying opportunity for long term investors. We have already seen some buying interest come back into the market and as margin calls work their way through the system, we expect panic selling to ebb and the market to return to trading on strong long term fundamentals."

— Mr Amit Chandra, Joint Managing Director, DSP Merrill Lynch

"The selling pressure was created due to the huge positions of over Rs 42,000 crore in the F&O segment. At these levels, we are advising clients to selectively buy stocks that are looking very attractive. Investors need to live with high volatility. Gone are the days when all stocks in a particular sector will rise on general positive view on that sector."

— Mr Hemang Raja, MD and CEO, IL&FS Investsmart

"Fundamentals of the economy have not changed overnight. We have been buying over the last couple of sessions. We see excellent opportunity for investment at these levels. We have been sitting on cash raised from NFOs. Our advise to investors is to invest in stock markets through systematic investment plans."

— Mr Deepak Chawla, Managing Director, SBI Mutual Fund

"Investors will get hurt if they try to catch a falling knife. However, after the Monday's fall there are some attractive investment options in the medium to long-term period. Investors are advised against buying at one go; they will have to spread their investments over a period of time so that they are engaged in the market, even if the prices correct further."

— Mr Dinesh Thakkar, Managing Director, Angel Broking Ltd

"The worse is over. We are advising clients to start buying if they are a long-term investor. We are, however, advising clients against aggressive buying or selling. Our turnover today was more than the normal day's turnover."

— Mr Motilal Oswal, CMD, Motilal Oswal Securities.