Stay put and let the market do its thing for the time being, says Ajay Srivastava of Dimensions Corp

BSE Sensex lost 1000 points in opening trade on Thursday with NSE Nifty falling below 10,200-point mark.

Ajay Srivastava, CEO of Dimensions Corporate Financial Services said, "I think we have seen much worse and that is what give us a little more comfort compared to the rest of the world. I believe that we have sold off so badly in the last one-week or so that we are far better able to handle this downturn than perhaps we would have been in normal circumstances."

On how to deal with one's portfolio in the current market, Srivastava said, "At this point of time, just sit with your position, there is nothing to be done, if you sell out, you are going to have the sellers’ remorse very soon, if you buy, you have buyer’s remorse immediately."

"Just stay put, stay quiet, sit with your position and let the market do its own stuff for the time being,” he added.