The Indian markets are expected to open open higher on Wednesday tracking positive Asian markets, while investors will keep a close eye on HPCL after the refining and marketing major, reported weak results for Quarter ended December 31.
Overnight, US Stocks ended higher after impressive results from Avon and Michael Kors lifted investor sentiment.
Asian shares inched higher tracking gains in US markets while the yen firmed amid conflicting interpretations of G7 comments about the yen's recent weakness.