RBS overweight on rate sensitives

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

Parul Saini, RBS: We continue to be buyers of Indian equities as valuations are now at a discount to historical averages and we believe interest rates are close to peaking out as inflationary pressures are moderating with a slowdown in domestic demand. Our model portfolio is overweight on rate sensitives.

Laurence Balanco, CLSA: Oversold rallies are underway across most global equity markets. We view this rally as a technical recovery that will be followed by another thrust lower that undercuts the recent lows. For Nifty, the old support zone at 5,100-5,200 is seen as initial resistance, followed by next resistance at 5,481.