Add IT stocks in portfolio, says Deven Choksey

Deven Choksey of KR Choksey Securities told CNBC-TV18, "Some amount of weight allocation has started increasing in case of IT companies. That is where many of them have started seeing the buying happening into the counters largely because of the influence of the currency which has depreciated and that is where people have started revising some amount of the basis point improvement in the margins and that is where the weight increase has taken place in IT."

"To play little bit safe on this side at this point of time, IT could possibly hold the ground. Couple of IT companies within the frontline space could possibly show little better performance compared to others. So, certainly one would make a point that for the trading portfolio certainly one could hold on to IT at this point of time or add into the IT and ride this fall in the rupee value and make the money out of it," he said.