Earnings growth seems marginally better than expected: Enam

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

Nandan Chakraborty, Enam: Earning season so far has been in line with more than 40% earnings beating expectations. The Sensex EPS estimate for FY13 decreased marginally to Rs 1,278 from Rs 1,287 pre-results season. While it's too early to discern trends, earnings growth seems marginally better than expected.

Mahesh Nandurkar, CLSA: FII market ownership hit a 5-year high of 16% in the first quarter of FY12. Within this, the proportion of India dedicated funds has now dipped to an all-time low of 18% which should make India more vulnerable to capital flows. The key overweights for FIIs include Hero Motocorp, Bharti, HCL Tech and Maruti, making autos the most vulnerable of the lot.