HSBC sees global equities grinding higher

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

Garry Evans, HSBC: Risks to equities remain, but the ECB has removed the biggest tail risk. Earnings growth, valuations and investor positioning offer moderate support. We see global equities grinding higher, with 7% upside to the year-end MSCI All Country Index.

Aditya Narain, Citigroup: India's market recovery was fairly V-shaped in the fourth quarter, but earnings will likely have a U-shaped recovery with 7% year on year growth for the Sensex. We don't believe there are big bottom up expectations for the quarter and one should expect only modest earnings revisions post the results, with FY13 earnings growth estimates remaining in the 14-15% level.