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IT’s suddenly the ‘IN’ thing on Dalal Street. Can the momentum sustain?

IT’s suddenly the ‘IN’ thing on Dalal Street. Can the momentum sustain?

IT is regarded as a defensive sector, and is a darling of FPIs, whose exposure to the sector stood at Rs 3,02,762 crore as of June 15 (as per depository NSDL), because of their perceived earnings visibility.