Markets are likely to open in green on global cues.
Wall Street rallied on Thursday with the Nasdaq hitting its highest in a decade. The Dow Jones added 123 points or 1% to 12904. Nasdaq was up 1.55 at 2960.
In Asia, Nikkei has jumped 1.8% to 9,404, mirroring cues from US peers. Hang Seng is up 1%.
Travel services and foreign exchange provider Thomas Cook India has posted over three-time increase in consolidated net profit for the fourth quarter ended December 31, 2011 at Rs 5.04 crore compared to the corresponding period last year. This can bring the stock into focus.
Also look out for ITC as it has bought 4.6% stake in Hotel Leela Russell Credit.
Oil and gas major ONGC on Thursday said three of its KG Basin NELP blocks have run into rough weather following restrictions from the Ministry of Defence, and it may invoke 'force majeure' clause for two blocks. This can lead to some movement in the stock.
Magma Fincorp may rise on news that the company plans to enter the gold finance business in the first half of the next fiscal.
