Technology looks safe: ICICI Securities

Technology is looking safe, says Anantha Narayan, Co-Head Equities at ICICI Securities.

Narayan told CNBC-TV18, "If you basically look at the key sectors which form a bulk of the earning so one you have the financials. The financials, what we are assuming right now is 20-21% type of credit growth number and we are assuming that there will be some pressure on margins but not significant and we are expecting that the non-performing loans (NPL) situation remains broadly stable. So we have seen some recent data points and trends to indicate that these three assumptions are fairly safe assumptions to make. But if there is change in any one of these three assumptions, I think earnings there could be at risk. The other thing on that sector is the pension liability amortisation; it