Traders are closely watching the actions of the central bank in India after disappointing GDP growth figures.
Local stocks are expected to perform well at the start of the trading day, as key Asian markets show a positive trend following another record high in US stocks.
Despite concerns about political instability in South Korea and France, a generally optimistic global outlook is boosting market sentiment.
Investors are particularly interested in the upcoming monetary policy meeting on Friday, with many positioning themselves for potential easing measures from the Reserve Bank of India.