Equity calls: Baliga, Nayak

Ambareesh Baliga, Karvy Stock Broking: Infosys results and IIP are going to be key near-term drivers rather than inflation. I expect Infosys to report 7% growth in topline (QoQ) and revise guidance upwards. The market is likely to move up in the near-term and the Nifty can go up to 4,400 in 1-2 weeks.

Sandeep Nayak, Kotak Securities: The market is likely to remain strong but Infosys results and inflation are going to be key triggers. Institutions are cutting down their short positions and hedges, but not taking any directional long call on market. Banking stocks can see some short covering.