Disappointment in corporate earnings likely: ICICI Pru AMC's Anand Shah

'There will be a series of rate hikes but the pace and quantum will depend on how the economy in the US and the rest of the world behave,' Shah said

As markets grapple with domestic and global headwinds, ANAND SHAH, head-PMS and AIF Investments at ICICI Prudential AMC, tells Puneet Wadhwa in an interview that the market is pricing in a rate hike not only in June, but up to December. Edited excerpts:

Do you think the markets can now see a time-wise correction, after the sharp price correction?

Sectors with strong global linkages, like information technology (IT), have already seen some corrections. To some extent metals, too, have corrected after the recent move in terms of export duty cuts. Similarly, several foreign institutional investor (FII)-owned sectors have also seen