Markets in for a roller-coaster ride, say experts

Stock markets may witness volatile sessions this week, and the last leg of quarterly earnings from blue-chips such as Tata Motors, ONGC and Cipla would influence trading, said experts.
Expiry of May futures and options contracts on Thursday may add to volatility, they added.
"Corporate results will be on a high. The next directional cue could be provided by the RBI policy due on June 2, wherein a rate cut is expected in the wake of soft inflation, coupled with weak industrial growth data," said Hitesh Agrawal - Head Research, Reliance Securities.
Investment flow of foreign investors, movement of the rupee against the dollar and progress of the monsoon will also dictate the trend.

"We are now in the last leg of the earnings season and BHEL, Tata Motors, Tech Mahindra, GAIL, Coal India, Hindalco, ONGC, IOC, BPCL, HPCL, NTPC, Sun Pharma, M&M and Cipla will announce their quarterly results this week," said Jayant Manglik, President-retail distribution, Religare Securities.
Progress of monsoon will also be closely watched as "it is critical to the current economic progression", he said.
The next big trigger, observers said, shifts to RBI's action on the rate front.
Over the past week, the benchmark BSE Sensex gained 634 points to end at 27,957.50. It has surged 946.19 points for three weeks in a row.