Earnings, Parl session to dominate July series: Experts

The June series was a rather volatile one, but the market seems to be slowly coming out of it, says Taher Badshah of Motilal Oswal AMC. "There were a lot of newsflow related moves as well - monsoon and the US Federal Reserve policy meet," he told CNBC-TV18. According to him, the July series will start on a better note.

The next important cue for the markets will be the results season, followed by the monsoon session of the Parliament, says Badshah. He will also be watching out for some guidance from the Reserve Bank if monsoon continues to be good.

Sudip Bandopadhyay of Destimoney Securities too sees further relaxation in interest rates on the back of good monsoon and hence advises investors to bet on interest-sensitive sectors. He also believes there is more steam left in Reliance Industries.

Bandopadhyay, however, cautions investors on public sector banks (PSU) and says though the valuations in some cases look attractive, asset quality issues are not a thing of the past. He feels private banks are better placed than PSBs.