No rate hike will boost auto sector: Prabhudas Lilladher
PUBLISHED ON: September 9, 2011 | Duration: 13 min, 50 sec
Sandip Sabharwal, CEO - portfolio management services at Prabhudas Lilladher, says a 0.5 per cent rate hike would lead to severe sell-off in markets. In case of no rate hike, the rate sensitive sectors especially auto are going to see substantial upmove. He expects sustainable rallies in Oct-Nov period.