Positive on IT space, says Ratnesh Kumar

Ratnesh Kumar, Market Expert told CNBC-TV18, "I would have a positive view on IT space simply because right now you are in a phase of the market where earnings growth is not there or there in a very moderate sort of a way. This year's earnings growth will once again come down, eventually it may be around 8-10 percent by the time the year is done. Then it is back to hoping for what sort of growth comes next year. Again the start is at 17-18 percent.""What you have historically seen in India is that in a period of moderate earnings growth, if the IT sector can deliver double digit earnings growth which is what is likely then as a sector it would continue to remain positively placed in the market," he added.