Sensex, Nifty Seen Up As Wall Street Extends Rally

Indian shares are likely to open higher Tuesday on the back of firm global cues and Axis Bank's upbeat earnings results for the December quarter. The private sector lender reported a 62 percent jump in quarterly profit despite a rise in provisions.

That said, volatility cannot be ruled out ahead of a public holiday on Thursday and the impending F&O expiry.

Benchmark indexes Sensex and Nifty ended Monday's session modestly higher while the rupee fell from a near two-month high to close 21 paise lower at 81.38 against the dollar.