Quarterly earnings from bluechips like RIl and Wipro will set the tone for the stock market this week, while the monsoon session of Parliament beginning Monday will also be in focus, say experts.
“This week is likely to be driven by the earnings calendar,” said Abnish Kumar Sudhanshu, Director and Research Head, Amrapali Aadya Trading and Investments.
Stock specific movement will be seen with the start of the earnings season, experts said.
“In absence of any key economic data release, focus will shift to upcoming monsoon session of Parliament and ongoing earnings season where heavyweights like Reliance Industries, Bajaj Auto, ACC, Ultratech ACement, Wipro and Kotak Mahindra Bank are scheduled to release their quarterly earnings,” said Vijay Singhania, Founder-Director, Trade Smart Online.