Focus back on China and RBI policy; like SBI: Experts

If one is not invested currently and is waiting for a good time to get into the market, then it may not be a good idea to wait anymore, says Gautam Sinha Roy, Fund Manager, Motilal Oswal Mutual Fund. If there are some stocks that an investor likes, then he should go ahead and buy, he says.

Going ahead, a lot depends on how foreign institutional investors (FIIs) behave given the fact that the sell off was largely because of them, Sinha Roy says. Now that the event (US Federal Reserve rate hike) is out of the way and a hike may happen only in 2016, it will be better to watch. According to him, the pressure on the markets for the time being is out and investors should look to buy good bottom up picks. He does not see major sell offs coming anytime soon.

Neeraj Deewan of Quantum Securities believes the short-term commentary will be back to what is happening in China and our own interest rates. This in turn can lead to volatility in the markets.

Sinha Roy likes Infosys and SBI, among others, while Deewan advises investors to hold SKS Microfinance.