The Indian stock market is likely to open higher than the previous close backed by strong global cues.

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Japan's Nikkei climbed 0.7 percent while South Korea's KOSPI added 0.6 percent. Australian and New Zealand shares were both up 0.2 percent.

On Wall Street, the Dow rose 0.8 percent, the Nasdaq Composite gained 0.89 percent and the S&P 500 rose 0.9 percent, surging past key resistance of 2,717 points.

The market erased opening gains on Thursday to close in the red, with the Nifty Midcap Index slipping 310 points to 19,424. The Sensex closed with a fall of 73 points to 35,246 and the Nifty slipped 25 points to 10,717.

The SGX Nifty is currently trading at 10,782 as against the Nifty May Future's Thursday close of 10,768, indicating a positive opening for the Dalal Street.

Canara Bank, Sun TV, Tata Global, Havells, among others, will declare their quarterly results.

First Published:May 11, 2018 7:14 AM IST