The market is likely to open higher on mostly positive Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 15 points at the opening bell. Asian Paints and Punjab National Bank unveil Q4 results today, 9 May 2013. Most Asian markets rose Thursday with South Korean stocks jumping after a surprise rate cut by the nation's central bank, while an improved earnings outlook spurred Japanese shares.

Hindustan Unilever after market hours on Wednesday, 8 May 2013, said that the $5.4 billion open offer by its parent firm Unilever Plc to buy 22.52% stake at Rs 600 per share in the company would begin on 21 June 2013 and close on 4 July 2013. Unilever Plc plans to hike its stake in Hindustan Unilever to 75% through the open offer from its current holding of 52.48%.

ABB's net profit fell 10.66% to Rs 42.56 crore on 10% rise in total income to Rs 1971.40 crore in Q1 March 2013 over Q1March 2012ABB said improvements achieved through cost optimisation and operational excellence were eroded by low price realisation and tight market conditions.