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Use correction to buy engg, bank, cap goods stocks: Quantum

With market extending loss in the first hour of trade, scared investors were found looking for safe havens. There is a fear that the fall could continue towards even lower levels, which will be great opportunity to buy quality stocks, says Sanjay Dutt of Quantum Securities.

With market extending loss in the first hour of trade, scared investors were found looking for safe havens. There is a fear that the fall, which is steepest intra-day loss since September 2013, could continue towards even lower levels, which will be great opportunity to buy quality stocks, says Sanjay Dutt of Quantum Securities.

At 10.15 AM, Nifty had broken crucial support level of 8250 and were waiting for European cues to get some strength.

Speaking to Sonia Shenoy and Reema Tendulkar on CNBC-TV18, Dutt said Nifty will hold on to 7800-7900 levels and investors can use the opportunity to enter into the engineering space. He also advised to pick stocks from bank and capital goods sectors.

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