Indian stocks may remain under pressure: UBS

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

Suresh A Mahadevan, UBS: We view any weakness in the Indian markets due to political uncertainty, as a buying opportunity to buy select large caps. While we believe Indian stocks may remain under pressure in the short-term on the back of rising crude prices & FII outflows, we remain positive on a 12-month horizon. Our top large cap picks include Bharti, BHEL, ICICI Bank, Idea, L&T and Maruti.

Laurence Balanco, CLSA: We would look at using a close above 5566 as a stoploss for the bearish case. As long as this resistance zone remains intact, the risk of another sell-off phase down to the 4900 level remains the most likely outcome.