Slump: A good time to buy

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Markets have slipped into red on account of heavy selling pressure in scrips across sectors. The Asian cues are extremely negative with Thai stocks plunging after the Bank of Thailand announced capital control measures which penalises investors who pull out money within one year. This has triggered declines emerging markets across Asia.

On the back of such a fall across markets, investors should perceive this slump as an ideal occasion to buy. Investment advisor PN Vijay suggests, "I think some of the good stocks, especially from the infrastructure sector etc like L&T , BHEL are getting bit more attractive. I think this type of fall, which is really bit sentiment driven should be used to buy into the market."

Comments Deven Choksey of KR Choksey Securities, "As of now, profit booking at the higher levels and buying at the lower levels is expected to continue. Traders normally go short when they don't find the clear trend. I think the short story would also lead to some kind of an upside - otherwise fundamentals stay strong."

Choksey places his bet on stocks such as SBI and Tata Motors , "Selectively, we are looking at opportunities and we are picking up stocks in this market. In the falling market, investment ideas like SBI look quite interesting for us even Tata Motors for that matter. Some of the quality midcaps are looking quite interesting for buying as far as the market prices are concerned.

Most active shares on BSE are Reliance at Rs 1,263 with 6,60,829 shares, Tech Mahindra at Rs 1,192.70 with 6,25,074 shares and BHEL at Rs 2,285 with 3,08,729 shares.