Continue to overweight global sectors: JPMorgan

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

Bharat Iyer, JPMorgan: Aggregate earnings growth for the Sensex at 23% (YoY) was largely in-line with expectations. The breadth however, is disappointing. Since early January, consensus earnings estimates for FY12 have been reduced by about 1.2%. We continue to overweight global sectors and are recommending buying into weakness in financials and industrials. Pablo Goldberg, HSBC: Performance of EM assets YTD is disappointing and not surprising. We recently returned from road shows in US & Europe, where we noted a dramatic lack of conviction among EM portfolio managers on how to position or play the market. Developed markets are re-emerging, while the pendulum has swung back for EMs on inflation, policy slippage and geopolitical concerns.