Maintains June 2013 Sensex target at 19,900: Citigroup

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

Aditya Narain, Citigroup: On an aggregate basis, we have cut earnings estimates. We feel its still early days to play the earnings upgrade cycle. However, we maintain our June 2013 Sensex target at 19,900 and keep a cyclical bias in our model portfolio. We are Overweight on financials, consumer discretionary, cap goods & IT.

Dhiren Sarin, Barclays: With New York in the path of a hurricane, the outlook for global markets appears more benign. Equity prices are drifting lower, but there are as yet no signs of the devastating acceleration that caused the crash in the late 1980s. The absence of a consistent theme across assets appears linked to uncertainty surrounding the US election outcome. For the time being, investors are taking shelter.