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Investors on Dalal Street would first react to the Q1 performance by IT bellwether Tata Consultancy Services (TCS) in the early Friday trade, which was below Street expectations. Besides, the selloff in global equities might continue to weigh on sentiment. Early indications suggest the markets may be in for another day of thrashing as SGX Nifty traded 85 points lower at 15,624 around 7.45 am. That said, a lot of stock-specific action amid earnings could also be seen. Globally, Wall Street lost ground on Thursday, with the S&P 500 and the Nasdaq pulling back from record closing highs in a broad sell-off driven by uncertainties surrounding the pace of the US economic recovery.

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