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IT, Pharma Are Top Sectoral Picks: Ritu Arora

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August 12: Canara HSBC Oriental Bank of Commerce Life Insurance CIO Ritu Arora says IT is a good bet due to stable volumes, reasonable valuations and better utilization, though the US Immigration Bill may be an overhang. She is also positive on pharma and telecom but warns of continued pressure for cyclical stocks and the banking sector.