“The consequences of the Satyam scandal are refusing to die down and people are looking to book short-term profits. Now with existence of a company like Satyam in doubt, investor confidence is truly shaken and I don’t think that a lot of genuine buying will happen at least in the short term,” Jagannadham Thunuguntla, head of the capital markets arm and director of India’s fourth largest share brokerage firm, the Delhi-based SMC Group.