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Sep 14, 2012, 02.56 PM IST
Shares of defensive sectors such as drug makers and consumer goods drop as investors bet the Fed's new asset purchase programme will favour cyclicals and high beta stocks.
Defensive sectors had recently shined, with the NSE pharma sub-index up 24.7% this year as of Thursday's close and the NSE fast-moving consumer goods sub-index up 36% in the same period.
Instead, investors preferring cyclical stocks such as Infosys
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