Indian equities look good in value: HSBC

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

Garry Evans, HSBC: The Fed and ECB move to launch open-ended QE is positive for global equities, even though news on economic and earnings growth is poor. We are Overweight on Europe & EMs. Indian equities look good in value and corporate earnings have started to bottom out. However, we see the potential for more negative newsflow on reforms and remain neutral on India.

Jyotivardhan Jaipuria, Bank of America Merrill Lynch: Earnings will continue to be weak and recovery will still not be visible. However, ex-commodities, earnings growth is seen at 17%. Overall, FY13 earnings are seen at Rs 1210, which suggests limited downside. TCS, Infosys, Sun Pharma, Yes Bank earnings are likely to outperform, while Wipro, BHEL, NTPC, Bank of India and Canara Bank may disappoint.