Infosys giving TCS a run for its money: Sandeep Bandyopadhyay

In a chat with ET Now, market expert Sudip Bandyopadhyay, shares his views on IT stocks.

ET Now: The CNX IT index is really outperforming Nifty. In the September F&O series, while Nifty was down to flat, the IT index appreciated by about 4 per cent. What explains the underlying interest in IT - is it due to dollar weakness, is it something else, is market misjudging the growth?

Sudip Bandyopadhyay: I think two things are working in favour of IT stocks. The weakness in dollar straightaway aids the bottomline of IT companies. As we know, most of these large Indian IT companies generate significant dollar earnings.

Apart from this, I would like to point out the fact that US business has been strong. Infosys as leading IT company has done a lot of restructuring. It is back in business. It is giving TCS a run for its money as far as the leadership of the IT pack is concerned.

So things are happening well as far as Indian IT companies are concerned. It is a good space to be in, considering global volatility and the domestic turbulence.