Post-Pokhran, post-sanctions and with FDIs drying up India Inc had not died down, feel fund managers. ``Indian corporates could produce better results and the Indian economy has seen an upturn. If the corporates can produce better results during this period and tide over the earlier problems, then this disturbance of not more than a month can also be seen riding over by the corporates. As the FIIs observe this and discover that the valuations are attractive they will again eye the market as conflict subsides", said Milind Nandurkar, fund manager, Sun F&C Asset Management Company.

IDBIMutual Fund assistant vice president Tridip Pathak sees the current fall providing a real good opportunity to enter some good stocks. ``The escalation of war with Pakistan would be more damaging to their economy and our view is to be indifferent in the short-term and use this as an opportunity to buy."

Tata Mutual Fund fund manager Shyam Bhat prefers to wait for some more time, expecting the market to lose another 200 points. ``We are not buying at current levels, but will, if the market shaved off another 200 points. Most funds at the current point of time are fully invested and had made good purchases in the previous rally. It would make sense to buy only at lower levels now. Also, funds are not sitting on surplus cash and the liquidity with the funds is low and the strategy would be to buy if the market falls further."

Malay Sameer of Apple Financial Securities points out that the market hit a bottom of 3,662 which is close to the 200-day moving average. The market will definitely take support aroundthe level of 3650 on Monday on bad news from the border. All these corrections should be used as opportunities to buy good value stocks for the medium term. The foreign buying interest is not expected to fade out as the Indian economy is showing signs of revival."

"The valuations of the scrips look really good with the prices of scrips falling on an average by 2-5 per cent in the sensex. The results of corporates are on the better side. The concern is whether this will escalate into a war. If an investor has a long term perspective of investment of say two years then then they are likely to come and buy in the market at current levels", said Nandurkar.