Mkt likely to stay nervous: Deutsche Securities

Here is expert equity call for the day on how the markets are expected to trade:

Abhay Laijawala, Deutsche Securities: Higher crude prices are largely priced in, but given India's sensitivity to oil prices, the market is likely to stay nervous given the risk of Middle East tensions escalating further. Cairn India is the only real beneficiary of higher oil prices. We continue to favor global cyclicals like INfosys, TCS, SAIL & Cairn as well as consumer companies with pricing power like ITC & Asian Paints. We also like Bharti, M&M and Tata Motors.