India's valuation premium over other EMs is at risk: IIFL

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

H Nemkumar, IIFL: India's valuation premium over other emerging markets is increasingly at risk. The Return On Equity has come off sharply in recent years. Another factor to note is that India's cost of equity is rising and that is acting as a drag on excess return gap, thereby reducing the relative attractiveness Vs other emerging markets.

Suresh Mahadevan, UBS: We believe that Indian markets are factoring in high inflation, rising crude prices, poor fiscal position and negative earnings momentum and have limited downside from here. Focusing on bottom up stock ideas is the key to generating superior returns. Our highest conviction ideas include Infosys, Federal Bank, Idea Cellular, Maruti and Hero Honda.