PSU banks' volatile asset profile a concern: Kotak Instl

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

Sanjeev Prasad, Kotak Institutional Equities: We have updated our model portfolio with a focus on capital preservation. We believe that the Govt may need to resort to desperate tactics to shore up revenues in H2. The rupee is another big worry and we prefer stocks with natural hedge against rupee depreciation. We are concerned about PSU banks given the unpredictability in their asset profile.

Gerard Minack, Morgan Stanley: Central banks are responding to downside macro risks. Those that can cut rates have done it, like the ECB and RBA. Those that couldn