India's valuations at reasonable levels: Mark Mobius

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

Mark Mobius, Templeton Asset Management: India's valuations have come to reasonable levels post the correction and we are currently buyers of Indian stocks. Many mid & small cap stocks have turned very attractive. The top 3 concerns for India are unemployment, inflation and water but India is amongst the top pick in the EM basket. Commodity prices may rise further as QE2 is not expected to end soon. Jason Todd, Religare: We think market reaction could be exaggerated this time around, given the sensitivity to macro risks. Sovereign stress remains a pressure point and oil risks do not look like abating quickly. Developed markets may peak within the next 1-2 quarters, but the correction may not be more than 10%. However, we do believe this will be a growth scare rather than something more dramatic.