Expect Q2 revenue growth decline to 19%: Goldman Sachs

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

Vikram Sahu, Goldman Sachs: We have cut our Nifty target to 5900 from 6400. We expect a deceleration in Q2 revenue growth to 19% Vs 25% in Q1 on slowdown in domestic demand alongwith high interest expenses. We expect 9 out of 14 sectors to see margin contraction in Q2 led by IT, auto and industrials.

Mohammed Apabhai, Citi: Asian markets have continued to sell off and our global barometer of risky assets have again fallen below the key 1100-1120 region at which we can expect to see long only liquidation starting. We believe that equity markets globally and in Asia could be on the brink of capitulation if urgent policy action is not forthcoming.