All eyes are also on the last monetary policy review for RBI Governor Raghuram Rajan, due on August 2, before he steps down a month later
The indices moved between gains and losses till late afternoon, but saw emergence of buying on string of positive earning results
Sensex was trading 120.54 points or 0.43 per cent higher during the morning session
Despite caution on Friday, following Nice attack, the week posted handsome gains in GST-themed and PSU bank stocks
Infosys tumbled the most since April 2013 after paring its annual sales outlook
TCS, HDFC Bank, Infosys and ONGC saw a squeeze in their market capitalisation in holiday-shortened last week
On Tuesday, the index had dropped 112 points for the first time in six sessions as investors booked profits in recent gainers
Up 19% from February lows but analysts say further rise could be limited, as stock prices are stretched
ITC, Grasim, Hero MotoCorp, ACC, Biocon, BPCL, NTPC and Petronet LNG are 33 stocks from BSE A group hit 52-week highs.
A majority of market participants expects India to outperform global peers
With over 1057 shares advancing, Dr Reddy's Labs, SBI, BHEL and Axis Bank were among the top gainers
DIIs asked to become 'buyers' in the equity market
Still, analysts said markets would stabilise as investors await word on who will be appointed as the next RBI Governor
The benchmark index up by 129 points; Coal India & Tata Steel among the biggest gainers
In the past five sessions, FIIs bought in shares worth less than Rs 1,100 cr in cash segment
The Sensex added 0.3 per cent at the close in Mumbai, extending last week's 5.3 per cent rally, the steepest since March
Auto stocks will also take centre-stage as monthly sales figures roll in, experts say