Nirmal Bang is positive on the Indian IT sector and the overall stance is overweight. It has a buy rating on 4 out of the large 5 IT companies – TCS, Infosys, Wipro and HCL Tech and continue to maintain buy call on Tech Mahindra.

Also Read: Buying opportunities in broader markets; bullish on IT cos: Kotak PMS

The brokerage firm upgraded the ratings for TCS and Wipro and the 2 now are 'buy' for Nirmal Bang versus an earlier accumulates.

Watch the accompanying video of CNBC-TV18’s Reema Tendulkar for more details.