No, case sensitivity at the database level applies to object names. You can, however, create a case insensitive database, and for each text column you create, modify the collation to a case sensitive one. I believe that that would give you the behaviour you ask for.
You can apply collation at the column-level. To do this, right click your table in SQL Server Management Studio, click 'Design' then select the column and in the Column Properties menu under the 'Table Designer' section you can choose to use something other than the database default.
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