WEEKAHEAD - Shares seen rangebound ahead of derivatives expiry

* 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

(Reporiting by Indulal PM)