Buy large cap IT stocks: Ajay Bagga

Ajay Bagga, Market Expert told CNBC-TV18, "Large cap IT remains a buy. I would say you are looking at 10-12 percent dollar guidance from the large cap IT and there would be beneficiaries. Rupee is down 5 percent in the last quarter, a natural hedge against a strong dollar and also beneficiaries of a US recovery.""If you really see even the mutual fund positions they are at all time highs as far as the IT ownership nearly about Rs 46000 crore of IT pack ownership is by mutual funds also. So, I would say it is looking interesting and you will probably see an upmove in October as far as the IT pack goes," he said.