Markets are likely to open in the positive territory tracking strength among the global peers as US economic reports showed no clues as to when the Federal Reserve may hike rates.
However, movement of rupee, crude oil and corporate earnings are likely to dictate the trend on the bourses.
GLOBAL MARKETS
Asian shares gained in early trading on Friday, on track for a weekly rise, after Wall Street cheered a cool reading for producer price inflation that chilled expectations of a Federal Reserve rate hike.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.3 percent higher, poised to gain about 1 percent for the week. Japan's Nikkei stock index .N225 was up 0.5 percent, set for a 1.5 percent weekly rise.
Meanwhile in the US, stocks closed one percent higher as investors cheered further weakness in the dollar and calmer bond markets, amid mixed economic data
The S&P 500 set a new closing record with information technology jumping 1.7 percent.
In Europe, equities finished higher as new regulation from the European Union helped the continent's steel producers post strong gains.
The early indicator SGX Nifty is quoting at 8,245.00 levels up 0.1%.
STOCKS IN FOCUS
ICICI Bank has decided to change its lending and underwriting norms, to contain the rise in its non-performing assets (NPAs) and the restructuring book.
Bank of Maharashtra’s net profit witnessed a twofold jump to Rs 112.72 crore for the quarter ended March 31 as compared to Rs 56.95 crore for the corresponding quarter in the last financial year.
Tata group flagship company Tata Steel on Thursday announced a Rs 6,500-crore goodwill impairment charge for the loss of value of operations in Europe, Canada, and Mozambique in 2014-15.
JK Tyre Industries reported over two-fold rise in consolidated net profit at Rs 106 crore for the fourth quarter ended March 31 on product launches across categories and improvement in operational efficiencies.
Jubilant FoodWorks, which operates the Domino’s Pizza and Dunkin Donuts chains in India, on Thursday reported a 26.37% jump in standalone net profit at Rs.31.53 crore for the quarter ended 31 March 2015.
Manappuram Finance on Thursday reported a 115 per cent jump in net profit to Rs 69.68 crore in the quarter ended March 31.
DLF, country's largest real estate firm, has once again come under the scanner of Competition Commission of India (CCI). The competition watchdog has found the realty firm guilty of "unfair and abusive" business practices in one of a housing projects in Gurgaon.
Global investment bank Goldman Sachs and Bengaluru-based property developer Nitesh Estates announced an agreement to jointly invest in income-producing, commercial real estate assets in this country. Both will invest up to $250 million (about Rs 1,600 crore) in the venture.
Lupin is an outlier in a field of drug companies seeking rapid growth. Lupin has acquired Brazilian firm Medquímica for an undisclosed amount.
Drug firm Wockhardt is recalling 93,393 bottles of Captopril tablets, used for treatment of high blood pressure and kidney problems caused by diabetes, for failing to meet specifications for thickness.
Essar Ports posted net profit of Rs 104 crore in the March quarter, up 15 per cent from the same period a year before. Net sales were Rs 413 crore, up six per cent over a year.
Indian Bank posted a drop of 24 per cent in net profit at Rs 206 crore during the quarter ended March, as compared to a net profit of Rs 271.3 crore, posted during the corresponding quarter of previous financial year.
Generic drugmaker Ranbaxy Laboratories has been sued in a district court in the United States for allegedly manipulating U.S. Food and Drug Administration rules for years to keep rival generic drugs out of the market.
Vedanta Resources Plc posted a full-year loss after a sharp drop in crude prices precipitated a $4.5 billion impairment charge related to its Indian oil and gas business.
Bharti Airtel, the telecom operator, commenced commercial 4G services in Chennai on a trial basis, and has signed a go-to-market deal with Korean smartphone major Samsung for 4G-compatible devices.
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