IT stocks have been a good bet on US economic recovery & weak rupee: Arvind Sanger

In a chat with ET Now, Arvind Sanger, Managing Partner, Geoshpere Capital Management shares his views on IT space.

ET Now: People have been talking about the currency benefits for the Indian markets and certain spaces like pharma or technology which will gain from these. What is your view on technology?

Arvind Sanger: Technology has been a good place to be because the strength and recovery in the US economy and on the weak Indian rupee and at a time when investors were nervous and have been nervous about the Indian economy and the slowdown there this was a sector that was immune to the concerns about the domestic slowdown. Between the weaker rupee and the stronger US recovery this has been a good place to see visible and more comfortably predictable earnings growth and that is why the sector has been one of the better performers in the Indian market.