The real trend of where the market will go will be known in first week of May, said market veteran Anand Tandon.
Prasanth Prabhakaran, Senior President & CEO YES Securities is of the belief that the market is close to the bottom.
There is comfort in consumer names, IT, Pharma, agri, cement, which will do well over the next 2-3 years, said Manish Sonthalia Motilal Oswal AMC.
The volatility is expected to continue for the rest of the year given that we are heading into a very heavy election calendar and there is uncertainty on that front, Gautam Duggad Head-Research, Institutional Equities, MoSL.
The resumption of upward move could be backed by frontline stories and some midcaps, says Dilip Bhat of Prabhudas Lilladher.
volatility is going to be the name of the game and for the next one year market will be difficult to navigate, said Shibani Sircar Kurian, VP & Head-Equity Research, Kotak AMC
Even if we have a gap-up opening tomorrow, it would be better to wait for market to come off before getting in, said Ashwani Gujral of ashwanigujral.com.
Neither the Indian equity market nor global market are in a bear market because there is no bubble or irrational valuations visible in any of the global markets, said Shankar Sharma of First Global.
Long-term investors should not miss this opportunity to get into equity market, says Dipan Mehta.
The stock market has two sides up and down and one can make money on both sides, says Ashwani Gujral.
Great time to go bargain hunting and buy the stocks that you missed earlier, says Ambareesh Baliga
Ashwani Gujral of ashwanigujral.com is of the belief if there is recovery in global markets overnight then Indian equity market could also open higher tomorrow but it is unlikely that there would be major rallies from here.
Dilip Bhat of Prabhudas Lilladher said it is unlikely that the Indian equity market will decouple from the international markets and events.
Taher Badshah, CIO-Equities, Invesco Mutual Fund said earnings from largecap and midcaps have been heartening, most in line with elevated expectations of the market.
The market is just waiting for the global rally to end to start a downside because as long as the globe continues to rise, our market will also find reasons for not falling. This is not a bullish market, said Ashwani Gujral.
One should realize that market is ripe for an accident and so taking some money off the table is advisable, says Mehraboon Irani.
Ashwani Gujral says even if the Budget is not expected lines, it is unlikely to disturb the market momentum.
Ramesh Damani, Member, BSE believes this is as good as any other level to stay invested in the market, stay invested in good quality stocks.
Basant Maheshwari, Author, Portfolio Manager is still upbeat on the housing finance space and says the temporary slowdown was more because of RERA but that is behind us.
This could be an excellent time to make money in frontline quality stocks, which are available at a PE multiple of 12 to 20, said SP Tulsian.
Even in a raging bull markets, corrections do take place because that is the nature of the market, says Hiren Ved, Director and CIO, Alchemy Capital Management.
Liquidity can take the market further up for a while longer but one should keep an eye on the fundamentals and not just go along with liquidity, says market expert Ambareesh Baliga.
Themes like house building, tiles, sanitary ware could become multibaggers, said Vinay Khattar, Associate Director and Research Head, Edelweiss Broking.
With the Q3 earnings starting with largecap IT names, Prashanth Prabhakaran of YES Securities said they still like the middle level IT names like Persistent Systems.
The experts also discussed the impact of higher crude prices on upstream, downstream and offshore companies.