May see short-term mkt pain but long-term outlook strong

The Indian market has been caught in a global storm that has engulfed equities but seasoned analysts are advising that investors should stay the course and not jump out of stocks. "The Indian economy is fundamentally strong. While we may see panic for the next few months, investors will come back," Edelweiss CEO Rashesh Shah told CNBC-TV18. He added that the market would also take cues from the Union Budget, which the government must ensure is reform-oriented and kickstarts consumption.

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