Expect RBI to cut repo rate by 25 basis points: Enam

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

Nandan Chakraborty, Enam: We expect the RBI to cut repo rate by 25 basis points as the slip in domestic growth deterioration warrants front-ended action. There is a slightly lower probability for a 25 bps cut in CRR given the liquidity deficit. Importantly, presidential election machinations continue to throw up surprises that could provide some clues to future course of policy action.

George Saravelos, Deutsche Bank: The Greek election result is a positive outcome as a potential confrontation with Europeans has been avoided. But the new coalition government may be weak and re-negotiating the programme over the summer will be a big challenge.