India's NSE Nifty index is up 0.4 percent, approaching record high of 7,968.25 hit on Monday.
Blue-chips gain, tracking stronger Asian markets on speculation of further stimulus in the Euro Zone.
Foreign investors bought Indian shares worth of $60.4 million on Tuesday, totalling nearly $13 billion in 2014 so far.
ICICI Bank Ltd gains 1.9 percent, Tata Motors Ltd is up 1.9 percent.
Indian companies with significant sales to Europe gain: Havells India Ltd surges 5.2 percent.
India's April-June growth data, balance of payment and derivative expiry on watch.