Budget 2013: Budget likely to focus on fiscal consolidation, CAD: HSBC

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

Herald Van Der Linde, HSBC: The budget is likely to focus on fiscal consolidation, an uptick in investment and current account deficit control measures. We are positive on the energy sector and exporters ahead of the budget, but remain underweight on PSU banks. We maintain our neutral stance on India with an upside potential of 12 percent this year.

Jonathan Wilmot, Credit Suisse: The focus now shifts to how deep the correction will be in the US markets and how long will it last, or whether this is just the beginning of something far more sinister. Long-term investors should use such corrections as buying opportunities.