The 50-share Nifty is
expected to open higher on Monday, tracking positive Asian markets,
while investors will keep a close eye on Maruti Suzuki after the country's largest car maker reported a decline in quarterly profits.
Maruti Suzuki India said its net profit declined by 3.04 percent to Rs 639.8 crore for the fourth quarter ended March 31, 2012, over the same period of the previous fiscal. The company's board recommended a dividend of 150 percent (Rs 7.50 per share of face value Rs 5 each) for 2011-12.
On Friday, US stocks advanced and posted their best weekly gains in a month on the back of stronger-than-expected earnings. The S&P 500 posted its best weekly percentage gain since March and the Nasdaq its best gain since February.
The Dow Jones Industrial Average was up 23.69 points, or 0.18 percent, at 13,228.31. The Standard & Poor's 500 Index was up 3.38 points, or 0.24 percent, at 1,403.36. The Nasdaq Composite Index was up 18.59 points, or 0.61 percent, at 3,069.20.
Asian shares inched higher on Monday as weaker-than-expected US growth data left open the possibility for more monetary stimulus from the Federal Reserve.
However, trading is likely to be subdued with the Japanese and Chinese markets closed for a holiday.
Hong Kong's Hang Seng was trading higher at 20,986.12, up 1.1%. South Korea's Kospi was trading 0.4% higher at 1,984.45.
At 08:00 a.m., Nifty India stock futures in Singapore were up 18 points at 5,209.00, indicating a positive opening in the domestic market.
Maruti Suzuki India said its net profit declined by 3.04 percent to Rs 639.8 crore for the fourth quarter ended March 31, 2012, over the same period of the previous fiscal. The company's board recommended a dividend of 150 percent (Rs 7.50 per share of face value Rs 5 each) for 2011-12.
On Friday, US stocks advanced and posted their best weekly gains in a month on the back of stronger-than-expected earnings. The S&P 500 posted its best weekly percentage gain since March and the Nasdaq its best gain since February.
The Dow Jones Industrial Average was up 23.69 points, or 0.18 percent, at 13,228.31. The Standard & Poor's 500 Index was up 3.38 points, or 0.24 percent, at 1,403.36. The Nasdaq Composite Index was up 18.59 points, or 0.61 percent, at 3,069.20.
Asian shares inched higher on Monday as weaker-than-expected US growth data left open the possibility for more monetary stimulus from the Federal Reserve.
However, trading is likely to be subdued with the Japanese and Chinese markets closed for a holiday.
Hong Kong's Hang Seng was trading higher at 20,986.12, up 1.1%. South Korea's Kospi was trading 0.4% higher at 1,984.45.
At 08:00 a.m., Nifty India stock futures in Singapore were up 18 points at 5,209.00, indicating a positive opening in the domestic market.
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