Snapping two-day losses, the Indian benchmarks are likely to rebound on Friday in line with fellow Asian peers which were trading higher after US stocks ended higher in overnight trade. The positive opening of Nifty India stock futures in Singapore further validates the positive opening for the Indian equities. Shares of auto giant Hero MotoCorp will be in focus after the country’s largest two-wheeler manufacturer reported a lower-than-expected fourth quarter earnings as profit fell 14.05 per cent year-on-year to Rs 476.53 crore due to a one-time impairment payment.
