QE taper may continue to influence mkt in 2014: JP Morgan

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

Bharat Iyer of JP Morgan: There is a perception among some sections of the market that QE tapering would not adversely impact equity markets. But Emerging Market ETFs have been seeing record redemptions over the recent past. Consequently, we believe the pace, extent and duration of QE taper needs to be watched and these could continue to influence equity market performance over CY2014.

Also Read: Will markets' love affair with Raghuram Rajan endure?

Rakesh Arora of Macquarie: The RBI's efforts over the past three months to boost forex reserves and the surprise rate hike earlier this week have helped India weather the Fed tapering storm better than other emerging markets. While volatility can't be ruled out, we are buyers on dips.