NSE Sensex futures traded at Singapore Exchange is up 0.36 percent while MSCI-Asia Pacific excluding Japan index gains 0.45 percent.
Asian shares hit four-month highs on Tuesday after China's official PMI survey showed manufacturing managed to continue expanding in March, and dovish comments from Federal Reserve Chair Janet Yellen.
US stocks rose on Monday, with the S&P 500 ending both March and the first quarter of 2014 with moderate gains, after Federal Reserve Chair Janet Yellen relieved concerns about a rate hike coming earlier than expected.
KEY EVENTS/FACTORS TO WATCH
The Reserve Bank of India's monetary policy review. The RBI is expected to keep its policy interest rate unchanged after retail inflation, its preferred price gauge, eased to a 25-month low in February (11:00 IST)
India-Manufacturing PMI (10:30 IST)
Automakers report monthly sales for March.
INDIAN STOCKS TO WATCH
RBI likely to keep policy rate unchanged, voice caution Read story
India's April-Feb fiscal deficit at $100 bn, stays above budgeted estimates
India's 2013/14 current account deficit likely to be $35 bn:FM
India's Feb infrastructure output up 4.5 pct y/y Ė govt
RBI wants govt to pare stakes in banks
US company in talks to acquire Educomp
Indian Oil Corp to cut gasoline prices by 1.2 pct from Tuesday
Reliance Industries to keep supplying gas to Indian fertiliser firms -govt
Developing Asia can sustain growth pace, risks easing Ė ADB
NTPC to start up three new solar power plants
Tata Communications' plan to sell Neotel to Vodacom may come to a nought
Adani's Mundra becomes first Indian port to cross 100 mt cargo mark
India to consult RBI on easing gold import curbs-finance minister
Climate change threatens India's economy, food security Ė IPCC
Adhunik group to divest up to 26 pct in Orissa Manganese and Minerals
GMR Energy files papers for 14 bn rupee public issue
GVK wants to sell Punjab unit to NTPC