Expect market to deliver 12-15% returns in 2013: JP Morgan

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

Michael Hartnett, Bank of America Merrill Lynch: While US fiscal cliff remains the key worry, confidence in a recovering global economy is extending into 2013. 38 percent of investors say that Global Emerging Market equities have the best outlook for corporate profits in the coming year. Bharat Iyer, JP Morgan: Despite the recent sharp rally, current market valuations are not reflecting any irrational exuberance. JPMorgan's base case expectations are for Indian equities to deliver returns of 12-15 percent over the next year, driven primarily by earnings growth. Momentum on reforms sustaining would open up the possibility of higher returns. Also Read
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