Weekahead-Shares seen rangebound ahead of derivatives expiry

Written by Reuters | Updated: Jul 25 2014, 22:27pm hrs
Indian shares are likely to trade rangebound, hovering near record highs.

Caution expected to prevail ahead of the expiry of monthly derivatives contracts on Thursday.

Individual stock movements will be watched given corporate earnings results. Among blue-chips posting earnings are Larsen & Toubro Ltd , Hindustan Unilever Ltd, and ICICI Bank.

Investors will also keenly watch the progress of monsoon.

KEY EVENTS/FACTORS TO WATCH

Mon: L&T, Bank of Baroda, HLL earnings

Tues: Markets closed for public holiday Bharti Airtel earnings

Wed: Bank of India earnings

Thurs: Expiry of monthly derivatives contracts

Earnings: Maruti Suzuki, ICICI Bank, Tata Motors shareholders meeting,

Infrastructure output data for June, Federal deficit data for Apr-June

Fri: India and China manufacturing PMI, Foreign investment promotion board meeting.