The morale and situation of the stock market is so low that even tech professionals are scared of investing in its stocks.
Ganeshprasad Pradhan of Sajag Securities presented a different opinion. "Looking at the current state of the market, chances are there that the market will slide down 10 to 20 per cent. On the other hand, there are chances of it gaining 100 per cent," Pradhan said.
According to Pradhan, this is the time to invest in blue-chip companies with long-term horizons. "Investors should also consider investing in mutual funds in Systematic Investment Patterns (SIP)," he said.u00a0 Pradhan feels that those who invested thoughtfully are certainly in a better position.
But there are some who are still not taking chances. Pradyumna Joshi of Cape Gemini was one such investor.
"The market is volatile after IT company debacles. Till the government imposes stricter regulations against auditors, I will not invest money in IT stocks," he said.
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