Wait for dips to buy IT stocks: Vetri Subramaniam

economictimes.indiatimes.com:

«We already have one conflict in Europe, adding another conflict to that in the Middle East does not really create anything good, so nothing good is going to come out of it is the way we would look at it,» says Vetri Subramaniam, CIO, UTI AMC.


It seems like in the conversations as well in the past with a lot of market experts, they were alluding to the fact that if at all there were to be a sort of change in the undertone of the market that would largely be led by global events or global developments. Do you think what we are seeing play out right now warrants a sort of a decisive change in the market sentiment?
I am not sure everybody has managed to figure out the geopolitical implications of whatever has happened over the last three days in the Middle East and what that could actually mean for markets, but I think the bigger sort of trend is obviously that this is something which could create a fresh round of instability.

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We already have one conflict in Europe, adding another conflict to that in the Middle East does not really create anything good, so nothing good is going to come out of it is the way we would look at it.

I think the larger issue remains one of the fact that both in an Indian context as well we had the monetary policy last week where clearly they continue to sort of reiterate their desire to keep things slightly tight and in the US you had a phenomenal jobs number on Friday which once again sort of raises concerns that there could be perhaps even one more rate hike in the US and certainly the plank of