Market may remain volatile in truncated week

The market may remain volatile in a truncated week as traders roll over positions in the futures & options (F&O) segment from the near month April 2013 series to May 2013 series. The May 2013 F&O contracts expire on Thursday, 25 April 2013. The stock market remains shut on Wednesday, 24 April 2013 on account of Mahavir Jayanti. The focus of the market is on Q4 results. Cairn India announces Q4 results on Monday, 22 April 2013. UltraTech Cement announces Q4 results on the same day. HDFC Bank announces Q4 results on Tuesday, 23 April 2013. Axis Bank will announce its Q4 March 2013 results on Wednesday, 24 April 2013. Jindal Steel & Power declares its Q4 results on Thursday, 25 April 2013. Hero MotoCorp, ICICI Bank and Maruti Suzuki India unveil Q4 results on Friday, 26 April 2013. IDFC announces Q4 results on 1 May 2013. Bharti Airtel and Kotak Mahindra Bank unveil Q4 results on 2 May 2013. ACC and Ambuja Cements announce Q1 March 2013 results on 3 May 2013. ABB and HDFC unveil Q4 results on 8 May 2013. Ranbaxy announces Q1 March 2013 results on the same day. Dr. Reddys Laboratories announces Q4 results on 14 May 2013. Bajaj Auto announces Q4 results on 16 May 2013. Investors will keenly track gold and oil prices as recent steep drop in these commodities eased concerns of India's high current account and fiscal deficit. India is the world's largest importer of gold and also imports around 80% of its overall oil requirement. Reduction of promoter stake to meet the Securities & Exchange Board of India (Sebi) mandated minimum public shareholding of 25% for private companies and 10% for state-run firms could result in supply of equity in the market over the next few months. As per the Sebi mandated minimum public shareholding rule, private-sector companies must cut founders' stake to adhere to the rules by 30 June 2013, while the deadline for state-run firms is 31 August 2013. PSU divestment will also add to share sale glut in FY 2014. The government has set a target of Rs 40000 crore from divestment of government stake in state-run firms and Rs 14000 crore from divestment of stake in non-government companies for FY 2014. The Reserve Bank of India (RBI) will announce the Monetary Policy Statement 2013-14 on 3 May 2013. The RBI cut its key policy rate viz. the repo rate by 25 basis points to 7.5% after a mid-quarter monetary policy review on 19 March 2013. The India Meteorological Department will issue its initial forecast of 2013 southwest monsoon in this month. The second half of the Budget session of the Parliament begins on Monday, 22 April 2013. The government has lined up a number of key bills for consideration and passing during the Budget session of the parliament, which include The Forward Contracts (Regulation) Amendment Bill, 2010, The Pension Fund Regulator and Development Authority Bill, 2011, The Land Acquisition, Rehabilitation and Resettlement Bill, 2011, The National Food Security Bill, 2011 and The Insurance Laws (Amendment) Bill, 2008. The Budget Session of the Parliament ends on 10 May 2013. Assembly elections will be held in Karnataka on 5 May 2013 and the counting of votes and results of the election will be declared on 8 May 2013.