MSCI India Index could give 20%-plus returns: RBS

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

Parul Saini, RBS: We think the MSCI India Index could give 20%-plus returns from current levels as macro concerns are well recognized and priced in. Valuations have moderated and now appear to be at a discount to fair value. We like interest rate sensitives and infrastructure stocks. Chris Wood, CLSA: The failed German bund auction is the sort of market pressure that is likely to lead, sooner or later, to German agreement to move to monetisation by the ECB. Investors should continue to focus on the French-German bond yield spread. But they also now need to keep an eye on the absolute level of bond yields, both in the case of the French and German 10-year bonds.