Inflation may remain sticky in Asia: UBS

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

Sean Darby, Nomura: Most Asian markets are still in neutral territory in terms of valuations. We continue to believe that signs of a more sustained upmove are emerging and the environment for risk assets remain robust. While inflation may remain sticky in Asia, market participants are more concerned about growth prospects and external shocks. Suresh Mahadevan, UBS: We are Overweight India as we believe negative earnings momentum is priced in. We have revised our March 2012 Sensex and Nifty targets to 21,000 & 6,500 respectively. Our high conviction buy include BHEL, Federal Bank, Hero Honda, Idea Cellular, Maruti and Power Grid.