Sensex may dip closer to 14500: BofA ML

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Here are experts equity calls for the day on how the markets are expected to trade:

Jyotivardhan Jaipuria, BofA ML: Despite the current excitement on CRR cut by the RBI, the Sensex may dip closer to 14500 on disappointing GDP & earnings growth. However, we reiterate our CY12 Sensex target of 19000 as rate cuts could kick-start growth. We continue to prefer HDFC Bank, ICICI Bank, Lupin, Maruti and Sun Pharma as top picks.

Mahesh Nandurkar, CLSA: The RBI surprised the market positively by cutting the CRR by 50 bps to ease the liquidity conditions. However the non-core inflation still remains sticky. The market & the rupee have both reversed losses on partial easing of global liquidity and value buying. We would wait for more confirmation to be fundamentally constructive.