MUMBAI (Reuters) The BSE Sensex is expected to open higher on Tuesday after a rally on Wall Street overnight lifted sentiment across Asia. Upbeat news from trade-hub Singapore, whose economy leapt out of recession in the past three months, and Australia, where a key measure of business conditions jumped to its best level in nine months in June, also boosted confidence. Private-sector lender HDFC Bank will be watched ahead of its quarterly result, expected at 2:30 p.m. (0900 GMT). Smaller rival Axis Bank on Monday posted a better-than-expected 70 percent jump in quarterly profit. Strides Arcolab Ltd will be on the radar after the Economic Times said the drug maker was exploring stake sales in its businesses that were being spun off into three separate entities. Asian markets were higher, with Japan's Nikkei up 2.3 percent by 0344 GMT, while MSCI's measure of other Asian markets rose 2.4 percent. Nifty India stock index futures traded in Singapore were up 1.5 percent, pointing to a higher opening in India. U.S. stocks rallied more than 2 percent on Monday as bullish comments on financial sector performance from prominent analyst Meredith Whitney lifted hopes banks' quarterly results may be stronger than expected. On Monday, India's 30-share BSE index ended down 0.77 percent at 13,400.32, its lowest close since May 15.
STOCKS TO WATCH
* Motilal Oswal Financial Services Ltd after the company said late on Monday its net profit for the quarter to June rose 30 percent from year ago.
* Oil & Natural Gas Corp after the petroleum minister said on Monday it has negative present value on its investment in Cairn India's Rajasthan block under the
revised field development plan.
* Jewellery maker Gitanjali Gems after the company said late on Monday its U.S. unit had acquired a 51 percent stake in New York-based diamond jewellery maker Diamlink Inc.
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