Jyotivardhan Jaipuria overweight on auto space

Jyotivardhan Jaipuria, Head of Research, BofA Merrill Lynch is overweight on auto space.

Jaipuria told CNBC-TV18, "In December we had moved our portfolio a bit more towards rate sensitive. So we are not totally into this but autos are something we are overweight. We are marginally overweight the banks. So there are some of the rates sensitive which we have turned overweight on.