The RBI will announce its second quarter review of monetary policy on Tuesday.
"RBI policy and cabinet reshuffle would be key to set the tone for the market in near-term," an expert said.
"Markets will react on Monday after seeing the portfolio reshuffle," CNI research CMD Kishore Ostwal said.
For this week, Bhel, Maruti Suzuki India, Dr Reddy's Lab, Power Grid Corporation of India and Wipro will announce their results and stock specific action will be seen in these counters, experts said.
"Stock market is expected to remain volatile amid a key RBI policy review meet on Tuesday. Markets are indeed hopeful of a rate cut despite a sticky inflation," Alex Mathews of Geojit BNP Paribas, said.
Meanwhile, stock markets failed to end the week on positive note and closed at its lowest in one-and-a-half weeks. The market logged gains in two of four trading sessions in a truncated week.