Pre-market: Volatile trades likely

Investors need to brace up for a volatile week as quarterly earnings of TCS, HDFC and Infosys, and industrial output data for May will dictate sentiment.

“Though the markets may drift lower Monday on the back of dismal American labour market data, the key triggers in the form of the IIP data and corporate earnings will start to flow in from the middle of week,” analysts say.

Kicking off the April-June India Inc’s earnings season amongst the large-caps will be HDFC that announces its results on July 11, followed by Infosys, TCS on July 12 and HDFC Bank on July 13.

Asian shares slumped on Monday after sluggish US jobs data deepened worries about slowing global economic growth. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent and Japan's Nikkei average opened down 1.1 per cent.

At 805 Indian Standard Time, the SGX Nifty was trading at 5,317 – down 18 points.

Back home, technical analysts suggest that major supports for the Nifty are placed at 5,190 and 5,090.

Among individual stocks, Engineers India could also be in focus after the company announced that it has won Rs 720 crore refinery contract from BPCL.

Credit Suisse has accused JSW Steel of understating its debt by Rs 11,900 crore, a charge dismissed by the company. This could see the counter drift lower ion trade today.

Sobha Developers could also be in focus on reports that the company has sold properties worth Rs 479 crore in the first quarter of this fiscal, up 58 per cent year-on-year.