The data on sales on shipments from leading automobile and cement manufacturers will set the trend for the market during the earlier part of next week. Metal stocks will also be in focus as production data from March 2013 will be out early next week.
Investors will also be watching out for data on the country's factory activity in March 2013. The Markit Economics' HSBC India Manufacturing PMI will be released on Monday (1 April 2013). The data on services sector performance is due a couple of days later,Wednesday, 3 Apri, to be precise.
The Nifty will have a changed look next week onwards, with IndusInd Bank and NMDC entering the fold, replacing Siemens and Wipro.
The next big trigger for the market will the earnings reports from India Inc. Results will start pouring in from the second week of April. Advance tax payments data gave some insight into likely earnings of some top notch companies, but investors were mostly seen treading a cautious path over the past couple of weeks, choosing to wait for more clear signals.
Though there will be some smart rallies next week, stocks may find it tough to hold at higher levels as concerns about near term economic outlook, both on the global and domestic fronts, remain.
Activity will be secor specific during the first part of the week and then, movements will be mostly stock specific with an eye on quarterly results.
A moderate to high degree of volatility is on the cards. For a major part of the week, the market is likely to stay in a tight range.