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Markets are likely to open higher on Wednesday amid firm global cues.
Asian shares also firmed up following a rally in global markets amid weaker-than-expected US jobs data in September.
Asian shares also firmed up following a rally in global markets amid weaker-than-expected US jobs data in September.
The Nikkei, Straits Times, Hang Seng and Shanghai Composite were up 0.1-0.6% in morning trades.
At 7:30am, the SGX Nifty was up 13 points at 6,241.
US stocks ended higher on Tuesday as weaker-than-expected September jobs data raised hopes that the Fed would delay winding down its monetary stimulus measures until next year.
About 148,000 jobs were added in September against economists expectation of 180,000.
The Dow Jones ended up 75 points at 15,468, the S&P 500 rose 10 points to 1,755 and the Nasdaq Composite ended 9 points higher at 3,930.
European shares also ended higher on Tuesday on the back of weak US jobs data that the Fed may continue its
monetary stimulus measures. The CAC-40, DAX and FTSE-100 ended up 0.4-0.9% each.
Stocks in focus
Wipro may gain after the IT major late Tuesday announced its highest growth in the last seven quarters, backed by an improved demand environment and favorable currency movement. The company, which has been struggling to put its house in order for several quarters, recorded a consolidated net profit of Rs 1,932 crore for the quarter ended September, a year-on-year rise of 28.6 per cent.
Cairn India will gain after the oil explorer reported a 46% jump in its September quarter profit on the back of record oil and gas production and high oil prices.
ING Vysya Bank may gain after the bank reported a 17.4-per cent rise in net profit at Rs 176.3 crore for the second quarter, compared to Rs 150.2 crore in the year-ago period. This is the 16th sequential quarter of growth in profit after tax for the bank.
Mahindra Lifespace may see some pressure after the company reported 18% drop in consolidated net profit at Rs 19.38 crore for the quarter ended September 30.
