Here are experts equity calls for the day on how the markets are expected to trade:
Michael Gavin, Barclays: The recent market correction is healthy as it reflects expectations of the Fed tapering as the US economy recovers and market confidence returns. In such an environment, we still favour equities versus bonds, but are more constructive on cyclical sectors.
Also Read – India’s macro improving, rupee should gain: Baer’s Sama
Chris Wood, CLSA: In Greed & Fear’s view there is growing reason to expect a resumption in the investment cycle in India before the end of the current fiscal year. This is despite the potential uncertainty posed by a general election, due in May 2014. The overweight call on India in the Asia Pacific ex-Japan portfolio will be increased by a further 1 percentage point this week.