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Indian equity benchmarks Sensex and Nifty50 are likely to make a gap-up start on Tuesday tracking gains across global markets amid easing crude oil rates and optimism on peace talks between Russia and Ukraine. At 8:07 am, Singapore Exchange (SGX) Nifty futures -- an early indicator of the Nifty index -- were up 107 points or 0.6 percent at 17,386.5, having risen as much as 128.5 points earlier in the day.  

Equities in other Asian markets moved higher on Tuesday tracking strong gains in Wall Street indices overnight as investors awaited updates on the first peace talks between Russia and Ukraine in more than two weeks. MSCI's broadest index of Asia Pacific shares outside Japan was up 0.7 percent in early hours.

Japan's Nikkei 225 was up 0.6 percent, China's Shanghai Composite 0.3 percent, Hong Kong's Hang Seng 0.8 percent, and South Korea's KOSPI and Singapore's Straits Times 0.4 percent each.