Jimeet Modi, CEO, SAMCO Securities: While markets are jittery, this is a god-sent event, especially for Indian investors. While we saw a steep fall in the indices, the trajectory of Indian markets remains upwards. After some stability, which will come next week, investors should lap up good quality stocks which will be available at good prices. IT & other companies which have significant revenues from Europe and UK will be affected and may be avoided as the extent to which the Pound will be impacted will be unknown. Focusing on Indian consumer goods like ITC, HUL and Asian Paints, BFSI stocks like HDFC Bank, Kotak Bank and Bajaj Finserv can lead to good returns for investors.
(CAPTION: Nigel Farage, the leader of the United Kingdom Independence Party (UKIP), makes a statement after Britain voted to leave the European Union in London, Britain, June 24, 2016. REUTERS)