Expect GDP growth to slow further in FY12: Goldman Sachs

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

Tushar Poddar, Goldman Sachs: With higher rates, increasing oil prices and the impact on capex, we continue to expect GDP growth to slow further in FY12. Our estimate for FY12 GDP growth remains at 7.5%, below consensus expectation of 8%. Even though activity is slowing, inflationary pressures will keep the Reserve Bank of India in a tightening mode. We continue to capex, we continue to expect a 25 bps rate hike on June 16.

Sean Darby, Nomura: Lacklustre trading volumes set against polarised performance between government bonds and commodities, as well as Asian credit and peripheral European CDs, hint that Asian financial markets may not have fully incorporated the sea-change in risk appetite. Three markets exhibiting declining volumes and deteriorating breadth are India, China and Taiwan.