Earnings watch: IT a good bet, say market experts

With the earnings season now knocking on the door, IT sector will be first of the block and Infosys is expected to report numbers on October 8. Market expert, Ajay Bagga is bullish on largecap IT and expect them to report a 10-12 percent dollar guidance.The space according to him will be a big beneficiary of strong dollar and weak rupee and also US economic recovery. Even the Mutual Funds have all time high positions to the tune of Rs 46,000 crore in IT.So the sector as a whole looks interesting and has upside potential, says Bagga.NIIT was a big mover through the day on back of NIIT.tv, however Deepak Shenoy of Capitalmind.in is not so upbeat on the stock although it could be a good bet on skill India and Digital India initiatives of the government. He does not see it as a buying opportunity as of now.However, Kunal Botha of LKP Securities is slightly upbeat on the stock and thinks going forward Rs 80-81 could become a base and one can buy it at current levels. For their recommendations on other stocks like ITC, J Kumar Infra, ITD Cementation watch video