Trading sentiment in the stock market this week would be determined by announcement of macroeconomic data, progress of good monsoon and last leg of quarterly numbers from blue chips like Coal India, l&T and NTPC, say experts.
This week, the market could trade sideways since it is already at a high and further movement only could come on the back of early arrival of pre-monsoon shower along with better GDP number, said Abnish Kumar Sudhanshu, Director and Research head, Amrapali Aadya Trading & Investments.
Major earnings due this week are from BPCl, Coal India, NTPC, l&T, Power Grid, Hindalco Industries and Mahindra & Mahindra.
"Expectation of continued improvement in earnings coupled with strong inflows will continue driving the market," said Vijay Singhania, Founder Director, Trade Smart Online.