Volatility may continue on Greek woes; like Infosys: Pros

Volatility in the Indian markets is likely to continue till the Greek referendum and then there will be some reaction based on the referendum vote, is the word coming in from Neeraj Deewan of Quantum Securities. However, the downside to the markets is limited, he says. According to him, it is more about the growth of our economy through actions such as coal auction, road development, etc., that have already been taken.

Rajat Bose of rajatkbose.com in fact sees markets heading higher. He says Tuesday's rally was a more broad-based rally. He is bullish on companies such as Amtek Auto and TVS Motor.

Speaking of the IT sector, Devang Mehta of Anand Rathi Financial Services, says based on the profit warnings coming from many managements, it is obvious that the sector is facing headwinds and it may not be the best bet for investors right now from a short to medium term point of view. However, if an investor still wishes to get into the sector, TCS might be a relatively safer bet, he says.

However, Deewan says the IT sector may do well in the longer run. He says recovery in the US will ensure good demand for the sector, which augurs well for these companies. He is bullish on companies such as Infosys, and advises investors to accumulate on dips.