The Indian equity market is likely to open flat with a slight negative bias. The SGX Nifty, an indicator of the market opening, was trading at 7:48.
The benchmarks closed near to their psychological levels (7900 on the Nifty and 26000 on the Sensex) on Thursday. The 30-share BSE Sensex was up 182.89 points or 0.71 percent at 25958.63 and the Nifty rose 52.20 points or 0.67 percent to 7883.80.
Globally, the European markets ended higher on anticipation of further stimulus from the European Central Bank.