New Delhi, April 22 -- Ashok Jain, the chairman of Arihant Capital Markets, says smart investors can take advantage of the current volatility as it offers an opportunity to find good companies at reasonable valuations. In an interview with Mint, Jain shared his views on the global economic slowdown and its impact on the Indian stock market and whether the US Federal Reserve may go for an aggressive rate cut. Here are the edited excerpts of the interview:

It is important for investors to stay focused on their long-term goals, especially during volatile times.

I have always emphasised the importance of being calm and not succumbing to impulsive decisions when markets are volatile. And one must absolutely refrain from taking leverage in su...