Equentis CIO advises underweight on IT, favours midcap IT

Jaspreet Singh Arora, CIO of Equentis, recommends staying underweight on the IT sector but maintaining a selective bottom-up approach within midcap IT, citing agility and client proximity. Elevated crude oil prices above $100 could limit near-term market gains and delay earnings recovery, he said, advising caution on oil-sensitive sectors while accumulating high-quality stocks on weakness.