The Indian markets may open on a firm note on the back of positive cues from the Asian markets and the SGX Nifty too is indicating the same which is trading up 26 points at 5,422.
After yesterday's 1% gain, the biggest one day rise in about three weeks, the markets may see some respite as the FIIs have become positive since the past two days. They bought shares worth Rs 124.38 crore and domestic funds bought shares worth Rs 233.53 crore yesterday, according to the data available by the stock exchanges.
The results to watch out for the day are Reliance Power and Reliance Infrastructure.
In international markets, the US markets had a tepid session yesterday on the back of disappointing GDP (gross domestic product) data. The first quarter gross domestic product was reported unchanged at 1.8% while the jobless claims rose last week dampening the mood in the market.