Interest rates may be peaking out: Ridham Desai

History suggests that the industrial sector and industrial proxies like the materials sector underperform the market in a rising interest rate scenario and outperform after rates peak, says Ridham Desai of Morgan Stanley.

January 14, 2011 / 08:58 IST

Here is experts equity calls for the day on how the markets are expected to trade:

Ridham Desai, Morgan Stanley: History suggests that the industrial sector and industrial proxies like the materials sector underperform the market in a rising interest rate scenario and outperform after rates peak. We feel that interest rates may be peaking out and this is one reason to buy industrials and industrial proxies.

first published: Jan 14, 2011 07:57 am

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