Volatility in multiples to drive markets: Credit Suisse

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

Neelkanth Mishra, Credit Suisse: Earnings revision post results have been minor. We have cut FY12 EPS estimates by 0.5% and FY13 EPS estimates by 3%. We continue to believe that volatility in multiples will drive the markets. Manishi Raychaudhuri, BNP Paribas Securities: Given the macro and micro variables, we believe that our current Sensex EPS estimates could have 2-3% downside risks. Capital Goods face the double whammy of higher input costs and execution slippages. Sectors with weak pricing power like cement, consumer staples and select autos may see downgrades as growth decelerates.