In the short-term, traders can remain positively biased as long as Nifty50 sustains above its 200-day moving average whose value is placed around 10,744.
Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 10 points or 0.1 percent. Nifty futures were trading around 11,002-level on the Singaporean Exchange.
Shares of tyre and footwear companies have rallied over the last three months on weakening rubber prices. Rubber prices crashed to a 3 Â½-year low last week on heavy imports by local tyre companies.