See weak Q1 results; yr-end Sensex target 20800: Citigroup

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

Aditya Narain, Citigroup: We expect Y-o-Y earnings growth to be flat for the quarter as it plays catch up with the overall top-down sluggishness and should start reflecting the macro uncertainty in terms of currency, rates and policy. Our year-end Sensex target stands at 20800 and we do not see this quarter earnings as being decisive for market direction. Also Read - IT firms USD revenue growth seen up 0.5-4% QoQ in Apr-June Mahesh Nandurkar, CLSA: Revenue growth for our coverage universe is likely to be 5 percent Y-o-Y in Q1 compared to 19 percent growth 4 quarters ago. The silver lining, however, is that despite the dropping revenue growth, margins are holding up. Zee Entertainment, ICICI Bank, Lupin, HCL Technologies and Prestige will be our pre-result buys. We will be cautious on Cipla, Tata Motors, DLF and the cement sector going into results.