Quarterly earnings of India Inc, progress of monsoon rains, domestic and global macroeconomic data, trend in global markets, the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in the week ahead. The progress of the southwest monsoon rains will be keenly watched. The India Meteorological Department said that actual cumulative area weighted rainfall (mm) for the country as a whole till 2 August 2017 equaled normal rainfall. The June-September southwest monsoon is critical for the country's agriculture because a considerable part of the country's farmland is dependent on the rains for irrigation. Among prominent companies which will announce their April-June 2017 quarterly results next week, Britannia Industries, Tata Steel, Thermax, Bank of India, Aurobindo Pharma, Eicher Motors, NHPC, NMDC, Tata Motors, Bharat Heavy Electricals, GAIL (India), MOIL, Bank of Baroda, BPCL, Cipla and Hindalco Industries. On the macro economic front, the index of IIP data for the month of June is slated to release after market hours on Friday. Among global data, Japan trade balance data for the month of June 2017 is scheduled to release on Monday. China trade balance data for the month of July is scheduled to release on Tuesday. China foreign direct investment (FDI) data for July is slated on Friday.