RBI to start cutting rates next quarter: CLSA

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

Chris Wood, CLSA: Last week's weak GDP data has made it even more likely that the RBI will start cutting rates next quarter whatever the inflation data is. India remains extremely geared to "risk on" trade since RBI rate cuts in the context of global "risk on" are likely to be viewed as bullish for the rupee because they are pro-growth. But the reverse will apply if the world reverts back into "risk-off" and the RBI tries to start cutting rates.

Garry Evans, HSBC: With the second round of LTRO out of the way, liquidity injections, the main driver of global equities since mid-December, will now peter out. So the question everyone is asking is whether the rally will end soon. The answer to that depends on whether growth beats expectations & also if investors feel they have bought back enough into equities.