Investment trend by foreign investors and progress in monsoon

Investment trend by foreign investors and progress in monsoon will set the tone for the market, which as per experts will open in the positive zone on account of surprise rise in IIP and steady inflation data. The market, which as per experts will open in the positive zone on account of surprise rise in IIP and steady inflation data. Federal Reserve's meeting during the week will be keenly eyed as investors will look for clues on the timing of an interest rate hike. "...market is now likely to focus largely on how the monsoon progresses over the next few weeks in wake of sub-par monsoons predicted by the IMD," said Hitesh Agrawal, Head Research at Reliance Securities. Showing signs of recovery, factory output rose to a two month high of 4.1 percent in April, driven by manufacturing, but retail inflation too edged up in May amid worries over deficient monsoon.