Stock Market Tips, Likely To Open Firm; SBI, M&M Q3 Keenly Watched

Indian equities are expected to open in the green on Friday as indicated by SGX Nifty which was trading 32.50 points or 0.37 percent up at 8,833.50.  

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Banking heavyweight, SBI   reports numbers today. Sharp earnings growth is expected on a low base. Loan growth is expected to fall to 5-6 percent, while slippages are seen remaining mostly stable around last quarter levels. 

Results of another public sector lender - Bank of Baroda, will also be keenly watched. Profit for the bank is seen at around Rs 620 crores.  In the auto space, Mahindra & Mahindra will also be reporting results today. Revenue growth is seen at 3 percent with margins holding at 13 percent. 

GAIL   and Sun TV  are among other major earnings MSCI conducted their quarterly review Thursday. The change in weights, to be effective March 1, will also be keenly watched. A probability of the increase in the weight of Tech Mahindra is likely to keep the stock in focus.