Movements are likely to be quite volatile at times in the coming week due to expiry of near month derivatives contracts. Investors will also be reacting to a slew of corporate earnings reports, besides tracking the rupee's movements and the trend in crude oil prices.
Tata Motors, GAIL India, Lupin, Indian Oil Corporation, Tech Mahindra, ITC, Sun Pharmaceutical Industries and Bosch are some of the top companies that are scheduled to announce their quarterly results next week.
The progress of the monsoon will be a key trigger for the market in the near term. The weather office had said last week that monsoon rains are expected to arrive on the southern Kerala coast on 30 May 2017, two days ahead of schedule. Rainfall this season is expected to be higher than previously forecast thanks to easing concerns over the El Nino weather condition.
Economic data out of Europe, Japan and the U.S. are also expected to make an impact on price movements back home. The market will also be looking ahead to the minutes of the Federal Reserve's policy meeting that took place earlier in the month.
Investors are likely to dwell into the possible impact of the GST slabs on industries and this could well result in some listless movements across the board. Some consolidation is likely following the market hitting new all-time highs.
