We expect steady growth for India's IT Services sector in the Mar'19 quarter, with slight margin contraction due to rupee appreciation vs. the dollar (~1.6% QoQ) and higher onsite delivery costs. Profitability and demand sensitivity to economic growth will be key areas to watch. We remain positive on growth in digital business and deal activity. INFO and TCS are our preferred large-cap picks, while we like LTI and NITEC among mid-caps. We expect MPHL to be a...