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Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to make a gap-up start on Tuesday tracking gains across most Asian markets following an overnight jump in Wall Street indices. At 8:45 am, Singapore Exchange (SGX) Nifty futures -- an early indicator of the Nifty50 index -- were up 119.5 points or 0.7 percent at 17,114.5. 

Equities in other Asian markets largely moved higher tracking overnight gains on Wall Street, after Twitter's agreement to be bought by billionaire Elon Musk sparked a rally in growth stocks.

MSCI's broadest index of Asia Pacific shares outside Japan was up half a percent in early hours.

Japan's Nikkei 225, Hong Kong's Hang Seng and South Korea's KOSPI were up 0.6 percent each. China's Shanghai Composite was down 0.5 percent and Singapore's Straits Times down 0.4 percent.

S&P 500 futures were flat. On Monday, the S&P 500 rose 0.6 percent, the Dow Jones 0.7 percent and the Nasdaq Composite 1.3 percent.