The BSE Sensex and the Nifty seen flat-to-lower as investors eye global factors.
Concerns about potential U.S. strikes on Iraq and tensions between the West and Russia are among geo-political risk factors.
At home, investors will also focus on July consumer inflation data on Tuesday amid continued concerns about reduced monsoon rainfalls.
Market heavyweights such as Tata Motors (TAMO.NS) will report earnings during the week.
Markets will be closed on Friday for Independence Day.
KEY EVENTS/FACTORS TO WATCH
Mon: Tata Motors, Jet Airways (JET.NS) earnings,
Tues: U.S. Federal budget, India Industrial output data for June and CPI data for July; Jaiprakash Associates (JAIA.NS) earnings
Wed: U.S. June business inventories; GVK Power and Infrastructure (GVKP.NS) and GMR Infrastructure (GMRI.NS) earnings
Thurs: India WPI data for July
Fri: Markets are closed; U.S. industrial/manufacturing data
(Reporting by Indulal P)
Trending On Reuters
With the crucial GDP data scheduled to be announced along with key corporate results, volatility is expected to prevail in the upcoming week. Disappointment on these fronts may push the Nifty down to the 7,200-7,500 range. Once we witness stability and consolidation, investors should increase their exposure, says Ambareesh Baliga. Full article