Portfolio stance bias towards financials, energy: JPMorgan

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

Bharat Iyer, JP Morgan: India has been the preferred destination for FII inflows over the recent past with ownership of Indian equities at an all time high. From a technical perspective this position highlights the vulnerability of India to a global risk off trade. The vulnerability extends to the currency as well. Our portfolio stance is biased toward high-quality financials, energy, IT services, healthcare and state owned utilities.

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Michael Kurtz, Nomura: ''Sell in May'' is unlikely with decisive moves in Europe, better reassurance on US jobs, a needed China rebalancing that reduces global energy & resource costs and Japan kissing deflation goodbye. The US results season has been solid, the April US jobs report largely reversed the unsettling demand implications of March's weak print and the dollar has backed off, all to the benefit of global equity prospects.