'RIL drop not setting any trend'

In an interview with ET Now, R Sreesankar, Sr VP, Tata Capital, talks about the sudden drop in RIL shares.

What do you expect from the markets? We are seeing Reliance Industries dragging indices down. It is a stock that's underperforming. There were huge expectations, which were not quite met. How do you see this as setting the trend for trading as we go ahead for the next couple of weeks?

I do not see this one-day's trading as any trend for the trading going forward. I believe that the tone will be more set by what is happening around the globe and what kind of numbers come out in terms of inflation and what is the kind of tightening of the liquidity, whether there will be monetary policy changes and finally post-June 30, the quarterly performance of corporate, which is going to set the trend and not to forget the monsoon factor, which is so important in this country today.