July-Dec 2014 set to be much better vs last year: Nomura

Here are experts’ equity calls for the day on how the market is expected to trade:

Prabhat Awasthi, Nomura: High food prices and rupee weakness in H2CY13 imply benign Y-o-Y CPI comparisons in H2CY14. Some developments in the second half of last year, including unwinding of EM carry-trade unwind were detrimental to the market's macro landscape. The second half of this year is set to be that much better or less worse in comparison to last year. This base effect is important for macro variables, such as inflation, that are measured as annual rates of growth.

Also Read – Deutsche sets Sensex target at 24,000 by December

Adrian Mowat, JP Morgan: Our joint strategy and financials road show was greeted with either conflict or apathy. Investors are in conflict with an emerging market (EM) strategy overweight given concerns about slowing GDP growth in EMs, risks in China, which could extend to Asian trading partners and commodity exporters and a further rise in real interest rates. Most investors argue its too early in the taper cycle to tell whether the full adjustment has come through.