Jonathan Garner of Morgan Stanley said their overall view on the emerging market space remained bullish. They see 18% upside to year-end target price of 1210.
Here are experts equity calls for the day on how the markets are expected to trade:
Jonathan Garner, Morgan Stanley: Our overall view on the emerging market space remains bullish and we see 18% upside to our year-end target price of 1210. Although the absolute and relative performance of emerging markets has drifted down since February, the good news is oil prices, our key concern at the time, have failed to make new highs. Our underweight countries include India, Mexico and Turkey.
Mahesh Nandurkar, CLSA: The fourth quarter result season has been progressing negatively, while the IT sector and Reliance have surprised negatively, most banks have surprised positively. CLSA's FY13 Sensex EPS estimates have been largely stable for the past 4 months and we are increasing our overweight on financials with the addition of HDFC.
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Market technically overbought; paper supply to weigh: Dutt