BSE Sensex seen lower; ONGC, ICICI in focus

Mumbai : Weak rainfall could also dampen sentiment. Monsoon showers in August will be crucial for India, after rainfall was 23 percent below normal in the week to July 27 in a sharp reversal from the previous week. Oil & Natural Gas Corp will be on the radar after the state-run explorer posted a 12 percent rise in quarterly profit, helped by higher crude oil and gas price and held out hope of improving realisations in coming quarters as its subsidy bill eases.