The BSE Sensex should open higher on Monday, with heavyweights Reliance Industries and State Bank of India in focus after their quarterly results.
ICICI Bank will also be watched as the No. 2 lender is expected to report a 23 percent rise in quarterly net profit on growing demand for loans by corporate and mortgage borrowers.
Reliance posted late on Friday its highest ever quarterly profit as refining margins surged and petrochemical margins improved, but concerns over the group's gas production put a dampener on the outlook for the company.
State Bank of India reported better-than-expected quarterly profit on Saturday, and forecast 20 percent to 22 percent loan growth in fiscal 2012 as demand for credit remains strong in Asia's third-largest economy.
Asian stocks rose on Monday on mild bargain buying after a sell-off last week before a Fed meeting this week where it is expected to paint a cautious view of the world's biggest economy.
The MSCI's measure of Asian markets other than Japan was trading up 0.1 percent by 0301 GMT, while Japan's Nikkei was up 0.4 percent.
The Nifty India stock futures in Singapore were little unchanged.
Last week, the 30-share BSE index gained 0.8 percent, its first weekly rise in three, to 19,007.53 points.
STOCKS TO WATCH
* Ashok Leyland, after its quarterly profit slumped 59 percent.
* Bharat Forge, after its third quarter net profit nearly tripled, beating expectations.
* Godrej Consumer Products, after it said it plans to raise prices of soaps for the second time in 2011, by 3-5 percent. The company also reported a 40 percent jump in Oct-Dec net profit.