Expect Nifty to trade within 5,500-6,350 in H1: UBS

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

Suresh Mahadevan, UBS: We remain tactically bullish on Indian equity markets. We believe the H1CY13 will see all the good news in terms of monetary easing, a market friendly budget, while H2 may see the economy sliding into electioneering mode. We expect the Nifty to trade within 5,500-6,350 in H1. The consumer sector is our biggest underweight, while banks our biggest overweight. Michael Hartnett, Bank of America Merrill Lynch: We have become more constructive on risk assets and more convinced that the great rotation, from bonds into equities, may begin in late 2013. An improving economic backdrop in H2 and lower expected returns from credit and sovereign bonds will help to shift investor attention towards equities. We believe that 'Best of Breed' stocks should be the cornerstone of an equity portfolio, within India, ITC and Cairn are top global best of breed stocks. Also Read
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