Indian markets are likely to open positive tracking global indices and SGX Nifty.

U.S. stocks moved sharply higher over the course of the trading day on Tuesday. The major averages more than offset yesterdays losses extending the rebound seen last Friday. The Dow Jones surged up by 2.2 percent to 25798 and the Nasdaq soared 2.9 percent to 7645.

U.K. shares fell on Tuesday as the pound edged higher against the dollar after the release of labor market data showing that U.K. wages grew faster than expected in August. The benchmark FTSE 100 was down by 0.3 percent at 7006.

On domestic front Indian shares rose for a third straight session on Tuesday as the rupee stabilized oil prices fell in European trade and investors pinned hopes on a strong quarterly earnings season. The BSE Sensex was up by 0.8% to 35162.

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