Asian mkts currently in transition mode: Goldman Sachs

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

Timothy Moe, Goldman Sachs: We see Asian markets currently in a 'transition' mode, from trading delivered and persistent growth, and high dividend yields to rewarding forward and cyclical. In that vein, we are maintaining our tactically neutral stance as we think more evidence regarding cyclical growth improvement and policy clarity in the region is required to entice investors to get engaged in the growth recovery trade. Within India, we like ICICI Bank, Tata Motors and L&T.

Ridham Desai, Morgan Stanley: Momentum is losing its edge so the winners of the past month or past year are no longer guaranteed to be winners. The other change is that high debt is not losing money, which underscores expectations that a decline in interest rates will benefit companies with high financial gearing. Reasonably priced growth is our mantra for 2013, but there are risks to this forecast with global risk appetite and domestic policy action being the most pertinent.