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Markets are likely to open marginally higher tracking firm gains in Asia. On Tuesday, benchmark share indices rebounded from their four-month lows amid a volatile trading sesion to end higher.
At 8:20AM, the SGX Nifty was trading at 6,056 up 20 points.
US stocks ended flat with a negative bias on Tuesday as investors turned cautious on the back of weak economic data and ahead of the payrolls data on Friday.
The Dow Jones ended down 5 points at 15,440.23, the S&P 500 ended down 4 points at 1,751.64 and the tech-laden Nasdaq ended 20 points lower at 4,011.
European shares ended flat on Wednesday after they bounced back from their lows following the recent sell off.
The FTSE-100 ended up 9 points at 6,458, DAX slipped 12 points at 9,116, CAC-40 ended flat with positive bias at 4,118.
Asian stocks rebounded on Thursday. However, investors remained cautious ahead of the non-farm US payroll data due tomorrow.
Japan's benchmark Nikkei was up 0.4%, Hong Kong's Hang Seng was up 0.6% and Straits Times was up 0.9%.
STOCKS IN FOCUS
IT shares will be in action after Cognizant gave a conservative revenue growth guidance for 2014 at a time when the industry was expecting it to be better in the wake of a rebound in the demand environment, and especially the better-than-expected show by some of its large Indian peers.
Cummins India will be in action after the company cut their FY14 guidance and also said that revenue growth in FY15 will remain muted.
Bank of Baroda will be in action ahead of results today.
BHEL will see some pressure amid concerns over new order inflows and execution slowdown. The company announced its third quarter earnings yesterday.
Multi Commodity Exchange (MCX), is convening a meeting of its board of directors on Friday, on a demand from the regulator to implement its earlier order declaring the promoters and some of its past managing directors unfit to run an exchange.
