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Our Bureau

Mumbai , May 25

As stock trading turned volatile in early sessions on Thursday, Mr Uday Kotak, Executive Vice-Chairman & Managing Director, Kotak Mahindra Bank Ltd asked investors to adopt a medium to long-term view.

"Markets will go up and down. Volatility is a reality that the primary market will just have to adjust to. It is all about valuations. Besides, one must remember that the Indian market is following global market trend. Given the market integration, it is one single financial market," he said on the sidelines of a capital market workshop for SMEs.

Mr Kotak, however, cautioned that excessive short-term trading would bring pressure. "Market will correct. It depends on the investment horizon. In the recent past the market has seen a 20 per cent correction. There will be short-term pain. But value looks better than ten days ago," he added.

While the reduced margins have no doubt helped the mark-to-market position of brokers, Mr Kotak advised brokers to ensure that they have adequate margins in place.

Interestingly, the chiefs of the SEBI, NSE and BSE were conspicuous by their absence, despite being listed as panellists at the workshop.

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