Market outlook positive but IT continues to deteriorate: Sandip Sabharwal
The overall market outlook is positive, but the IT sector continues to deteriorate, says Sandip Sabharwal. IT companies may not benefit from a declining US dollar and a lack of big upsides may dissuade investors.While companies have been trying to push volumes into the market due to subdued consumer demand, higher promotional and advertising expenses may have also led to the miss from Dabur. HDFC and HDFC Bank are expected to continue doing well in a positive fund flow scenario.