Stock markets are expected to see volatile trading in view of derivatives expiry in a holiday-shortened week and next set of quarterly earnings from blue-chips like Maruti and ICICI Bank will dictate trends on bourses, say experts.
Stock markets will remain closed on Friday for the 'Maharashtra Day'.
"In holiday-shortened week, some big listed corporates are scheduled to announce their results. Maruti, ICICI Bank, Bharti Airtel, Idea Cellular, Sesa Sterlite, Axis Bank and HDFC are some of the prominent names.
"Shares of automobile companies will be in focus as companies will start announcing monthly sales volume data for April from May 1," said Jayant Manglik, President-retail distribution of Religare Securities.
The overall sentiment and market structure are pointing towards the lower levels in the benchmark in the coming sessions, he added.
Investors would also track the investment trend of overseas investors amid concern over tax issue.
"This week is expected to see a tug-of-war between the bears and the bulls. Results related stock-specific volatility will continue," said Hitesh Agrawal - Head Research of Reliance Securities.
On global front, a two-day meeting of the Federal Open Markets Committee is scheduled on April 28-29.
Market is now eager to know whether the Government will be able to pass GST and Land Bills in coming days, brokers said.
"Proceedings in Parliament are being closely watched as the government hopes to pass the Bill for introduction of Goods and Services Tax (GST)," said Vivek Gupta, CMT - Director Research, CapitalVia Global Research.
For the last week, the benchmark BSE Sensex fell by 1,004.16 points to 27,437.94.
Jignesh Chaudhary, Head of Research, Veracity Broking Services said: "This week according to trading technicals would observe some corrections and the Sensex is expected to trade in the range of 26,750 to 27,400.
