Technology stocks best investment option: PN Vijay

Portfolio Manager PN Vijay told CNBC-TV18, "IT is the best position. As some of the IT companies' CEOs have been explaining that this (rupee slide) immediately adds to the margin, which they would be reporting in the quarter results. The extent of margin improvement is depending on the extent of hedging they have done on their dollar inflows."

“There is no doubt that the US economy is perhaps the brightest patch in the global economic scenario. And since Indian companies are still US driven I think at least the big ones should be getting good amount of traction in new client accretions. So on the whole if one had to run somewhere in this bad market, IT could be the best refuge for an investor,” PN Vijay said.