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Markets are likely to open positive in early trades supported by gains in global shares.
Benchmark indices surged over 2% yesterday, snapping a four-day losing streak, as metal stocks rallied on China's improved manufacturing data, while blue chips rose on value buying.
However, traders will keep a close watch on foreign flows and rupee movement.
At 800 hrs Indian Standard Time the SGX Nifty was up 1 points at 5,416.
According to technical experts, the Nifty may seek support around 5,345-5,305, while face resistance around 5,470-5,510.
U.S. Stocks closed higher on Thursday in a trading session marred by a historic trading halt of roughly three hours on the Nasdaq stock exchange as a result of technical problems.
The Dow Jones industrial, Standard & Poor's 500 and Nasdaq Composite Index was up 0.4-1%.
Asian shares rose in early trading on Friday after economic data suggested the global economy is expanding, which took the edge off persistent fears of the U.S. Federal Reserve's likely withdrawal of stimulus.
MSCI's broadest index of Asia-Pacific shares outside Japan. Japan's Nikkei stock average gained 2.0 percent.
STOCKS TO WATCH
Reliance Industries, the country's largest private sector refiner, says it may not participate in future exploration and production ventures of India.
Zensar Technologies has signed multi-million dollar deals in the US including a five-year infrastructure outsourcing contract with a direct selling firm.
Harish Bhat, who has been with the UB Group for nearly 25 years, has decided to step out of the group.
NHPC will buy back shares worth Rs 1,600 crore instead of going through Offer for Sale, according to sources.
Dr Reddy's Laboratories has voluntarily recalled 3 lots of Ranitidine Hydrochloride tablets in 150mg strength in the US market, according to USFDA.
Bajaj Corp has acquired the Nomarks brand from Ozone Ayurvedics.
