Inflation data, Greek developments and companies' quarterly earnings will decide the course for the stock markets this week, say experts. Besides, progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar would also influence sentiment, they added. "Movement of index in near term will depend on CPI data to be announced on July 13 and WPI data on July 14," said Vivek Gupta, CMT Director Research, CapitalVia Global Research Limited. ACC and MindTree are slated to announce their earnings this week. "Markets across the globe including Chinese will settle down and Indian markets should start its upward journey on its own merits. The results season will largely have stock specific movements. Markets will remain sideways with positive bias in the short-term and draw directions from the results season," said Jimeet Modi, CEO, SAMCO Securities. Last week, country's largest software exporter TCS reported a meagre 2.1 per cent growth in the June quarter net profit at Rs 5,684 crore, with revenue growth trailing street expectations on difficulties from the Japanese and Latin American markets. "Though the start to Q1 FY16 result is tepid, the markets would like to see the subsequent set of numbers this week before taking a final view of the results," said Vinod Nair, Head-Fundamental Research, Geojit BNP Paribas Financial Services. "The market is optimistic of an end to the earnings downgrades and the prospects of a new agreement between Greece and the eurozone." Meanwhile, industrial production in May slowed to 2.7 per cent from 5.6 per cent a year ago, dragged down by manufacturing, strengthening the case for interest rate cut by Reserve Bank of India. Commenting on progress of monsoon, Prabhudas Lilladher, Head Institutional Equities R Sreesankar said: "Monsoon always plays a role in determining the sentiments in the domestic market. It is crucial that the monsoon picks up in July and August when significant sowing of the Kharif crops are done." In the broader market, the benchmark BSE Sensex fell by 431.39 points in last week to end at 27,661.40 on Friday.