Local and global macroeconomic data, earnings, Covid updates, global cues, state election results are some of the key factors to guide stock market in the coming week. 

Besides, the movement of rupee against the dollar and crude oil prices, trend in global stock markets will dictate trend on the bourses in the near term. Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will be monitored. 

The key thing to watch out for in the near future would be the US bond yields because any rise in yields can take out the FII money from developing countries like India to western markets and could also be a risk for emerging markets currencies. 

The Dollar Index, which measures the U.S. currency against a basket of six peers, will also be closely watched. 

India Inc will continue to report its March quarter earnings. Cipla, Dr Reddy's Laboratories, L&T and Vedanta are scheduled to announce their Q4 results on 14 May 2021. 

Asian Paints and Lupin are scheduled to announce their Q4 results on 12 May 2021. 

Siemens will announce its quarterly result on 11 May 2021. Avenue Supermarts will declare its Q4 result on 8 May 2021. 

In economic data, the Industrial Production and Manufacturing Production data for March will be released on 12 May 2021. Inflation rate for April is due on 12 May 2021. 

WPI inflation for April 2021 is due on 14 May 2021. 

On the coronavirus front, investors would continuously watch out government's course of action along with progress on vaccination drive. 

Overseas, China will announce inflation rate for April on 11 May 2021. 

In US will announce inflation rate for April on 12 May 2021. US Retail Sales for April will be announced on 14 May 2021. 

In Europe, ZEW Economic Sentiment index for May will be released on 11 May 2021.