Market environment to be weak in FY14 & 15: Axis Capital

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

Nandan Chakraborty, Axis Capital: We expect a weak environment for FY14 & 15 and the rupee could continue to depreciate next year. Our Sensex EPS has now come down by 3 percent to Rs 1,406 for FY14. Companies that could surprise negatively in Q1 include ACC, Ambuja Cements, Asian Paints, Bank of Baroda, Cummins India and HUL .

Also Read - Sell equity & bond, hold cash as more gloom ahead: Marc Faber

Bharat Iyer, JP Morgan: We believe market performance over the next month and a half will be driven more by macro developments. We remain cautious. Growth is below trend, and there are limited policy stimuli available, given external volatility and a substantial political calendar in H2.