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Markets are likely to open higher tracking positive global cues. The early indicator, SGX Nifty was up 38 points at 6,108 at 0815 hrs.
The S&P 500 closed at a record high on Thursday as investor confidence grew following a last-minute deal to avoid a US default, but weaker-than-expected results from heavyweights IBM and Goldman Sachs pressured the Dow.
The dollar languished near an eight-month low versus the euro on Friday as investors counted the costs of a two-week U.S. government shutdown, with markets now seeking clues to when the Federal Reserve would begin reducing its stimulus programme.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent to a near five-month high, adding to a 0.6 percent rise in the previous session.
Larsen & Toubro and Petronet LNG are expected to report second quarter earnings today.
STOCKS TO WATCH
Bharti Airtel has increased its stake in Wireless Business Services (WBSPL) to 93.45% at an estimated cost of about Rs 875 crore.
Gujarat NRE Coking Coal approved Jindal Steel & Power Ltd proposal to acquire the majority stake of 53.62% in the former.
IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services), has received an LoA (letter of award) from Paschimanchal Vidyut Vitran Nigam Limited for rural electrification (RE) works in Bulandshahr district of Uttar Pradesh.
