See major decline in commodity prices ahead: Deutsche Bank

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

John-Paul Smith, Deutsche Bank: We believe that the recent fall in EM currencies reflects our structurally negative view of most GEM economies. The next phase of the unraveling of the carry trade may lead to major decline in commodity prices and increase signs of distress among EM corporates. This could result in further underperformance of equities.

Manishi Raychaudhuri, BNP Paribas Securities: Indian equity market has 're-coupled' with global markets. But, instead of focusing on intractable global macro situation, we believe focusing on bottom-up stock selection could be more profitable in the Indian context. We see valuation re-rating potential for sharply undervalued stocks.