The Reserve Bank's monetary policy review and the next set of corporate results will be key for stock markets in this holiday-shortened week, experts have said.
Besides, auto stocks will also remain in focus as companies from this sector will start unveiling sales data for April from Wednesday.
"There will be some correction this week, as indicated by Friday's trading session, after seven-day rally. Investors are on the edge and will wait for RBI's policy to decide whether to sell and go away in May or hang in there. Mood will also depend upon some big-ticket Q4 numbers slated in the week," said Vikas Jain, Founder, Aditya Trading Solutions (ATS).
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