US markets look particularly risky: CLSA

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

Russell Napier, CLSA: While stocks are cheap Vs bonds, this time it does not signal good future returns. Cyclically adjusted PEs for global markets imply the opposite. In the short-term, negative returns are likely as a deflationary shock leads to financial repression. The US markets look particularly risky.

Nandan Chakraborty, Enam: The RBI did more than it was expected by cutting repo rates aggressively by 50 basis points. It has laid out the need for reform of administered prices and growth-boosting supply-side steps. Whether the govt will choose to pick up the gauntlet is what the markets will be clued on to. RIL's Q4 performance was flat QoQ as better-than-expected performance by cyclical businesses was offset by weak E&P performance.