Goldman Sachs overweight on India

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

Timothy Moe, Goldman Sachs: Markets appear to be moving in line with macro factors. Despite Asia's significant underperformance YTD, the relative returns across Asian markets appear reasonable given the shifts in macro factors. On a strategic basis, we are overweight on India. Also Read - India to outperform EM basket, not US, Japan: JP Morgan Laurence Balanco, CLSA: The ability of global equity markets to shrug off the downside pressure from rising bond markets and declining commodity prices over the past month is surprising. The Nifty has staged a sharp rebound off the April 10 low, with price action working its way back above the 50-DMA and now within touching distance of the next resistance at 5,990.