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Markets are likely to see a flat opening ahead of March F&O expiry due today. Also, global cues are muted.
Early indicator, SGX Nifty is up seven points at 6,618.
In Asia, markets were in skittish mood on Thursday following a late dip on Wall Street, with Tokyo stocks slipping as investors counted down to a rise in sales tax that is expected to swat consumer spending and test the market's faith in Abenomics.
The Nikkei fell 1.2 percent to threaten major chart support around 14,203, a break of which could trigger a retreat to 14,000.
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2 percent. Stocks in South Korea, Taiwan and Singapore all managed minor gains.
Overnight, U.S. stocks fell on Wednesday, led by losses in the technology and materials sectors, as geopolitical concerns rose after the United States and the European Union agreed to work together on tougher sanctions on Russia.
Trading remained choppy with U.S. stocks mostly positive in the morning after U.S. economic data pointed to improving conditions.
The Dow Jones industrial average slipped 0.60 percent, to end at 16,269. The Standard & Poor's 500 Index dropped 0.70 percent, to finish at 1,853. The Nasdaq Composite Index fell 1.43 percent, to close at 4,174.
Stocks to Watch
TCS: A leading Saudi Arabian Bank and Tata Consultancy Services have inked a pact to implement a new core banking software platform that is likely to "transform" the bank's customer service delivery system.
Reliance Industries: The Supreme Court on Wednesday asked the government to file a report on the steps it had taken on the request of the Indian High Commission in Singapore for an investigation into the alleged Rs 6,500-crore investment by Biometrix Marketing and Strasbourg Holdings in four Reliance Industries Ltd companies.
State Bank of Travancore: Approved to raise equity capital up to Rs 629 by issuing new shares on rights basis.
Financial Technologies: Received 10 offers for its stake in Multi Commodity Exchange. FTIL has agreed to sell 24 per cent stake in the bourse.
