Pezarkar overweight on IT space

David Pezarkar, Head - Equity, Daiwa Mutual Fund is overweight on IT space.

Pezarkar told CNBC-TV18, "The banking space could see some more selling pressure at this point of time. I would feel that all the consumer oriented sectors should be the ones which will continue to outperform. So I think investors should look at corrective phases to invest in consumer oriented sectors and IT pharma should also outperform given the weakness of the rupee. So I would be overweight on IT and pharma at this point in time."