Market may remain in narrow band: Macquarie

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

Rakesh Arora, Macquarie: The market looks fairly priced at the moment, but the uncertain macro environment indicates that risks are to the downside. We believe the market may remain in a narrow band over the next few months, hence investors should consider focusing on accumulating good quality names that have strong balance sheets and earnings visibility. Michael Hartnett, BoA ML: Emerging markets face rising inflation, tighter policy and countless other macro risks. But we remain constructive over the medium-term. We believe the secular bull market in emerging markets is not over yet. The next leg of the ride will be bumpy.