Market likely to be rangebound: Ridham Desai

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

Ridham Desai, Morgan Stanley: In the near-term, the market is likely to be rangebound as it faces another couple of key events in the form of the Budget & the Monetary Policy. We think the Nifty may be coming to the end of its correction, which started at around 5600, save for adverse global events. Earnings revisions seem to have troughed and the market's sentiment is not to discount a good outcome but to anticipate a bad one. Parul Saini, RBS: The UP state election results may not be a significant catalyst for Indian markets. We continue to be bullish on India, specifically the banks, as we expect 125 bps policy rate cuts by the RBI this year. The valuations are below historical averages, and earnings & economic growth is troughing.