In an interview to CNBC-TV18, market expert Deepak Shenoy shared his reading and outlook on specific stocks and sectors.

On the IT sector, Shenoy said, "We are looking at a lot of momentum in the IT space. Many of these stocks are not very expensive, I think TCS is slightly more than Wipro."

However, Wipro has broken out of the highs, it hasn't seen these levels since 2000 and that must be a sigh of relief for a lot of people working there and who have had stock options all this while and also for shareholders who have held on, he said.

"A lot of momentum in the IT stocks, not very expensive, so I would say a small percentage of allocation in larger cap IT also. Midcap IT is starting to move, we have seen moves in Mphasis, Mindtree as well. So, I am interested in some of these stocks as a disclosure."

Disclaimer:

The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.