* 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.
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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)