Commenting on the current market situation, Amar Ambani, Head of Research IIFL, said, “Market participants would look forward to the August industrial production data and the September inflation which is scheduled in the coming week. In addition results season will be in full swing with Infosys & RIL among the large caps announcing Q2 earnings. Infosys is expected to deliver healthy constant currency dollar revenue growth of 3.5‐4% qoq. It will likely carry the growth momentum of Q1 FY16 (delivered 5%+ qoq volume growth) underpinned by execution on deal wins and incremental progress on client mining. We expect Reliance Industries to report a GRM of US$8.8/bbl as compared to US$10.4/bbl reported in Q1 FY16.”