Aditya Narain of Citigroup said they believed the market's gains from here would track stable earnings. Their June, 2013 target for the Sensex is 19,900.
Here are experts equity calls for the day on how the markets are expected to trade:
Aditya Narain, Citigroup: This quarter's earnings performance suggests earnings are more stable. We believe the market's gains from here will track stable earnings. Our June, 2013 target for the Sensex is 19,900.
Michael Kurtz, Nomura: The progress of several key fundamental factors in recent weeks, like the pick-up in Chinese demand data, the resolution of China's leadership succession and the strengthening housing market in the US have been positive. In fact, if there hadn't been so much brinksmanship over the fiscal cliff, we would have expected a risk rally into the year-end.
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Rate cut no reason to buy realty; like autos, banks: Emkay