Investors need not panic over Sensex fall: Industry

New Delhi, July 27 (UNI) Reacting over today's sharp fall of markets indices, country's leading industry bodies today advised investors not to panic over the current dip of 540 points as the Indian economy is resilient enough to take the hit.

''The investors need not panic as the Indian economy fundamentals are strong,'' said Assocham President Venugopal N Dhoot.

This is a temporary phase and stock market would give the corrective evaluation of the state of the economy, he added.

PHD Chamber President Sanjay Bhatia said the sharp fall in the Sensex is apparently a technical correction which was overdue and has brought the market to a more realistic level.

He said the current fall in the market indices should not be a cause of concern and the investors should continue to make informed decisions about the investment.

The Sensex crashed by a whopping 541.74 points of the Bombay Stock Exchange to settle in the red at 15,234.57, following a sharp correction in US and Asian bourses and marginal increase in inflation.

UNI