SGX Nifty is currently trading flat down 4 points at 10,819.
The action is expected to be stock specific as traders await the results of Karnataka assembly polls, which would be announced tomorrow.
Abbott India, Hindustan Unilever and South Indian Bank are some of the large-cap companies set to announce their Q4 results later in the day.
Asian markets are trading with a positive bias, Nikkei is up 0.16%, Hang Seng is up 1.25%, while the Shanghai Composite is trading up 0.45 %.
US Markets: Stocks witnessed a lackluster trading session on Friday, however, managed to end the week on a positive note.
The Dow surged 0.4% to 24,831.17, the S&P 500 rose 0.2% to 2,727.72, while the Nasdaq edged down less than a tenth of a percent to 7,402.88.
Trading momentum receded after initially opening on a strong note. Traders also took note of President Donald Trump's outline to reduce high drug prices, which he has previously described as a top priority for his administration.
European markets closed mixed on Friday with FTSE closing 0.31% higher, CAC was down 0.07%, while the DAX ended 0.17% lower.
In Friday’s trading session, FII’s sold 325 crores stock in the cash market whereas DII’s bought 1,163 crores worth of stock.
In the derivative market, FII’s bought 863 crores of Index futures and sold 623 crores worth of Index options.
In the stock futures segment, FII’s bought 560 crores worth of stock futures and sold 149 crores stock options.
FII View: FII trading activity in Friday’s session indicate a fresh addition of long position, which is deduced by the fact that FII’s created 16,957 long contracts in Index Futures, while they simultaneously created 13,040 long contracts in Index Call options. Their net position in May series continues to remain long, which is indicated by a long short ratio of 1.4x.