Sensex remains vulnerable due to oil pressures: Enam

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

Nandan Chakraborty, Enam: Given the current adverse backdrop in liquidity and commodity prices, the Budget has done what was in its control, to alleviate pressures on interest rates & rupee. It has implicitly committed to most of its reform agenda. The Sensex remains vulnerable in the near-term due to oil pressures.

N Krishnan, CLSA: The intent to continue to move ahead with fiscal consolidation is clearly there, but there is a bit of gamble with high oil prices and growth expectations. We think the slippage could be to the extent of 40-50bps of GDP. With the market now at average historical valuations and some macro challenges set to abate as we get past Q1, positive signals on governance can be the trigger for a revival.