Focus on large caps in the IT space: Maia Financial Services

Hemant Kale, MD, Maia Financial Services Pvt, in a chat with ET Now, talks about dollar movement and the subsequent impact on the IT space.

Some up move in the dollar expected, do you want to add to that?

Yeah, in fact IT is the only space where there was an intermediate downtrend which had started and which seems to be arrested at the moment and this pack is basically following the European and the US markets where the downtrend also had started along with the Indian markets. However, their downfall seems to have been arrested at least temporarily compared to Indian markets. Infosys is one of the leaders to do that but I would normally focus on the large caps in the IT space and not tend towards the midcaps.
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