Expect FY12 GDP growth to decelerate to 7.7%: Chetan Ahya

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

Chetan Ahya, Morgan Stanley: We expect GDP growth to decelerate to 7.7% in FY12 from 8.5% in FY11. Govt spending and consumption growth may also slowdown. Exports are likely to remain strong, but not enough to offset slower domestic demand. We see about 0.5% downside risk to our growth outlook due to higher commodity prices.

Sean Darby, Nomura: We think some caution is required while investing in Asia. Clearly, economic momentum has peaked in the region. Earnings revisions are still deteriorating and share prices will need to decline further to become attractive versus bonds.