Investors to stay nervous till Re stabilises: Deutsche Sec

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

Abhay Laijawala, Deutsche Securities: We expect investors to stay nervous till the rupee shows some signs of stability. Amongst sectors, software and pharma should benefit, as should consumption plays like ITC, M&M, Bajaj Auto. We expect investors to continue playing 'safe' and assigning a premium to predictability of earnings. Sectors with low risk of government policy changes will also emerge as key favourites.

Geoffrey Dennis, Citigroup: Emerging Market equities have stalled around 5% below their March high, implying momentum has been lost. Nonetheless, we expect an eventual breakout of markets to the upside in the weeks ahead. Citi is overweight markets like China and Brazil and Neutral on India.