RBS maintains cautious view on market

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

Parul Saini, RBS: Concerns regarding inflation and political situation are receding on the margin. However, high crude oil prices are a key risk to India's current account and fiscal deficit, as well as investor sentiment. We maintain our cautious view and would be buyers of the markets at 10% below current levels. Jyoti Jaipuria, BoAML: The Budget has not changed our view that the market is vulnerable to corrections led by high inflation and rising interest rates, slowing economy and earnings downgrades. The positives from the Budget include the low fiscal deficit at 4.6%, the announcement of reform measures & the cut in corporate taxes.  Top buys include HCL Tech, Maruti, Lupin, SBI and BHEL.