On the economic front, Indian inflation data will be key as investors fear a weak monsoon is keeping food prices high at a time of continued signs of slowing economic growth.
Indian wholesale prices are expected to rise 7.37 per cent in July from a year earlier, compared to 7.25 per cent in June, according to a Reuters poll.
Investors are also awaiting policy initiatives from the government after Finance Minister P. Chidambaram promised to unveil fiscal consolidation steps.
Among key April-June earnings: Saturday: ONGC, Reliance Capital, Reliance Communications, Monday: Tata Steel , Coal India, Tuesday: Reliance Power, Reliance Infrastructure.
Markets will be closed on Wednesday for Independence Day.
Copyright @Thomson Reuters 2012