No rate hike will boost auto sector: Prabhudas Lilladher

PUBLISHED ON: September 9, 2011 | Duration: 13 min, 50 sec

   
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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.
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