It is a dull sentiment and many counters grew in fast phase recently, falling to seek ground. That is nature of a market.
We actually need not to panic in this type of environment. If you are on cash hold if valuations of stocks justifies the same. If you are on credit is the question mark?
However market would find a direction until the budget for sure. Everyone is in the watch of budget proposals and what sectors benefit out of it.
Hence it is not recommended to buy in larger quantities.