The Nifty50 is expected to open higher on Friday tracking positive trend seen in other Asian markets. The index closed 47 points higher at 10,617 on Thursday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 38.5 points or 0.36 percent. Nifty futures were trading around 10,655-level on the Singaporean Exchange.

US stocks advanced on Thursday with each of Wall Street’s major indexes ending the session up 1 percent or higher, boosted by solid earnings results and a rebound in technology stocks as US bond yields pulled back, said a Reuters report.

Asian shares edged higher on Friday, after US equities were buoyed by solid quarterly earnings and a rebound in technology stocks, while the euro languished near three-month lows after the European Central Bank kept interest rates unchanged, it said.

As many as 25 companies will be reporting their results for quarter ended March 31 on Friday which include stocks like Reliance Industries, HPCL, IDFC Ltd, Maruti Suzuki, JSW Holdings, RBL Bank, Shoppers Stop, UPL Ltd and Shoppers Stop.