Investor sentiment remains sternly optimistic in Feb: BoAML

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

Bharat Iyer, JP Morgan: Indian equities have re-rated sharply over the last 6 months, driven by the Government's efforts to consolidate the fiscal position. Current valuations at 15x forward earnings are higher than the long term average. Hence, it is imperative that growth revival is placed on a sound footing over the near term; else equity market performance could hit a soft patch over the second quarter. Michael Hartnett, Bank of America Merrill Lynch: Investor sentiment remains sternly optimistic in February. Many measures of market sentiment are warning that risk assets are now vulnerable to bad news after a 7-month rally, even as cash levels remain above the 'sell signal' threshold.