Upgrade India from Underweight to Neutral: Credit Suisse

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

Sakthi Siva, Credit Suisse: India has moved from being the most overvalued markets to one of the cheapest in the Asian region after last year's underperformance. We are now upgrading India from Underweight to Neutral. We are adding Tata Steel, Tata Motors and Reliance Industries to the model portfolio in addition to Sun Pharma and Bharti.

Garry Evans, HSBC: We see 2012 as a year in which growth will be sluggish & where risks could surprise on the upside or downside. This suggests that equities will remain volatile, stuck within a trading range. In EM, our largest overweights are China, Russia and India.