Expect Nifty to range between 5050-6100: Barclays

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

Bhuvnesh Singh, Barclays: Indian portfolio strategists need to be nimble in playing what we think could be a prolonged 'snakes and ladders' game, between lower growth, high inflation and uncertain politics Vs modest expectations, reasonable valuations and the possibility of some policy measures. We expect the Nifty to range between 5,050 and 6,100 for the next 12 months. We suggest investors stay low beta but look to add names that could benefit from policy initiatives.

Garry Evans, HSBC: We think it is wrong to be too bearish on equities.  Valuations are cheap, investors already ultra-gloomy and earnings still on track to grow this year. We stick to themes such as structural growth, earnings resilience and cheap multiples. We're overweight emerging markets and sectors like telecom, industrials and consumer discretionary.