Speaking to CNBC-TV18, Vikas Pershad of Veda Investments it would be too early to start buying in Japan. However, he said, it is a good time to start buying in Indian markets.
The Japanese market might have stabilised but Vikas Pershad of Veda Investments says it is too soon to start buying there. He finds India to be a safer haven as he sees good buying opportunities here. "India hasn't sold off too much," he adds.
Stay away from Punj Lloyd, says Vikas Pershad, Veda Investments.
Buy Jain Irrigation: Vikas Persha
Speaking to CNBC-TV18, Vikas Pershad of Veda Investments said that though the sell-off may have concluded for now, 5300 should not be out of the realm of possibilities in the near-term, before adding that the Nifty could also crack 5,000 going forward.