•Veteran investor Madhusudan Kela warns extreme market declines are unsustainable, stating 'there won’t be a market in 25 days' if 1,000-point falls continue daily.
•Kela advises investors to remain patient and disciplined during volatility, focusing on risk-reward rather than just price.
•He suggests identifying emerging sectors and industry cycles, noting 'even an average company will make you money' if the industry is right.
•Recalling Rakesh Jhunjhunwala's advice, Kela emphasizes thinking '20 times before buying and 50 times before selling'.
•Despite current uncertainties, Kela remains optimistic about India's long-term growth, believing 'the best of the Indian stock markets is ahead of us'.
