Nomura replaces HCL Tech with Zee Entertainment

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

Michael Kurtz, Nomura: The overall MSCI Asia-Pacific ex-Japan Index remains largely unchanged from a week ago, despite an upside breakout in US long-term yields over the past week. In India, we are replacing HCL Tech with Zee Entertainment as the media industry is at an inflection point as digitisation becomes a reality and Zee is well placed to benefit. Also Read - India in for 15% rise by Dec; like energy, financials: Ridham Desai Michael Hartnett, Bank of America Merrill Lynch: According to our Fund Manager Survey, sentiment is not bullish enough to cause any imminent decline in risk assets. While bulls will point to high cash levels, extreme pessimism on commodities & emerging markets as drivers for higher asset prices, bears will point to hedge fund exuberance and the reliance on US real estate to drive investor optimism.