Earnings outlook looks worst in India, Singapore: Citigroup

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

Markus Rosgen, Citigroup: Earnings revisions have been down for 25 months, but the cuts have all been small. The 8% global EPS growth forecast for 2011 is likely to fall further, as will the 2012 forecast of 11%. The earnings outlook looks worst in India, Malaysia, Singapore and Taiwan.

Laurence Balanco, CLSA: The rebound in US equity markets off the October lows suggests investors are convinced that the former rally phase is back on track. The best buying opportunities in US equities is behind us, for now. For India, the Nifty could continue to work higher after triggering minor basing patterns which projects an upside target of 5,620.