Mumbai - The Indian stock market is likely to stay quite listless in the coming week, a truncated one due to a holiday on Tuesday (April 4) for Ram Navami, with a slew of domestic and international economic events and the rupee's movements against the U.S. dollar making an impact on stock prices.

Sales and shipments data of automobile and cement companies for the month of March will also be tracked. 

The major trigger for the market next week will be the Reserve Bank of India's monetary policy review, due on Thursday, 6 April 2017. In its previous meeting, the central bank had left its policy rates unchanged, holding the repo at 6.25%.

Data on India's manufacturing activity in the month of March 2017 will be released by Markit Economics on Monday (April 3). In February, the Nikkei Manufacturing PMI had edged up to 50.7, rising from 50.4 in the preceding month 

India's services sector activity too expanded in February, with the Nikkei Services PMI coming with a reading of 50.3 for the month, rising from 48.7 a month earlier. Markit Economics will release Services sector data for March on Thursday (April 6).

The market will begin the coming week with investors reacting to the sharp reduction in petrol and diesel prices. PSU oil companies cut petrol and diesel prices by Rs 3.77 per litre and Rs 2.91 per litre, respectively, from midnight of March 31.

Automobile stocks, besides reacting to fuel prices revision, will also track March vehicles sales data for direction. Concerns about the impact of the ban on Bharat III vehicles may continue to weigh on shares of automobile manufacturers which still has significant number of unsold vehicles in this category.

Cement stocks will track March cement shipments data. Airlines stocks, which saw some bright spells in recent sessions, are likely to stay in focus, with lower aviation fuel prices likely to trigger another round of buying in this space.

Investors will be closely watching the proceedings in Parliament where the second phase of the budget session is in progress.

The minutes of the US Federal Reserve's March monetary policy meeting will be eyed. Data from Japan, China and the eurozone will also be closely followed by investors.