Infosys, TCS top picks: Sandeep Bhatia

Sandeep Bhatia - Executive Director at Kotak Institutional Equities told CNBC-TV18, "IT space essentially is a macro call, whenever we see currency depreciation and when we see the US coming back in terms of its economic environment that is when the Indian IT performs the best. Right now we are going in to a zone where the rupee will get weaker; we are going into a zone where US economic environment remains fairly fine, stable and strong."

"So, in a market which is trending down, Indian IT looks good. Our top pick remains Infosys and Tata Consultancy Services (TCS), these are the two names that we continue to push. However, the Indian IT is a contra pick. If you have some worries about India then you look at Indian IT, it can not play with the broad India story as such," he said.