Sensex and Nifty are set to open higher tracking Nifty futures traded on the Singapore Exchange.

The Nifty futures traded on the Singapore Exchange also known as the SGX Nifty was up 0.24 percent or 20 points at 8,688.

Meanwhile, other Asian share markets were also trading on a positive note. Japan's Nikkei was up 0.13 per cent, Taiwan Weighted advanced 0.76 per cent and South Korea's KOSPI jumped 0.45 per cent.

Overnight, Wall Street advanced on Tuesday to give the S&P 500 its best day this month on the heels of solid earnings reports from names such as UnitedHealth and Netflix that put corporate profits on track to snap a four-quarter streak of declines.

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BSE Sensex stand up seems to get more profit, up 130 pts !