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India Infoline Bets On IT, Consumption Sectors

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September 23: Nirmal Jain, Chairman of India Infoline, is positive about IT companies’ outlook with the sector reaping the benefits of a global recovery. FIIs have also liked the consumption space, viewing it as a safe haven. He points to ITC and HUL as being the safe bets in the consumption space as they do not fall as much as the other stocks. FMCG stocks provide good returns and are less risky, he adds.