Indian shares are expected to build on Monday’s rally amid positive global cues and ahead of Tata Consultancy Services’ (TCS) June earnings later in the day.

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The Sensex jumped 277 points to close at a five-month high of 35,934.72 while the NSE Nifty 50 index ended above the 10,850 mark.

Here are the top 10 developments you should know before the opening bell:

Rupee:

The rupee also recovered on Monday against the US dollar, advancing by 15 paise to close at 68.72. Sustained dollar selling by banks and exporters coupled with a rally in Indian equity markets helped the home currency.

SGX Nifty: The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, was trading at 10,900.00, higher by 0.28 percent, at 8.40am.

Asian Markets: Asian shares advanced for a third session on Tuesday tracking gains in US markets. Hong Kong’s Hang Seng rose 0.85 percent or 236 points, at 28,924.73 while Japan's Nikkei gained nearly 1 percent in early trade.

US markets: Stocks on Wall Street recorded a third straight day of gains on Monday, as investor sentiment remained upbeat with banks and industrial stocks fueling the rally. The Dow Jones Industrial Average rose 32 points, or 1.3 percent, to 24,777 while both the S&P 500 and the Nasdaq rose 0.88 percent each.

Oil: Crude oil prices rose on escalating concerns about potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway are set to strike later in the day after failed wage talks. Brent crude had added 25 cents, or 0.3 percent, to $78.32 per barrel by 0056 GMT, following a 1.2-percent climb on Monday, Reuters reported.

Samsung Noida factory: South Korean consumer electronics major Samsung on Monday inaugurated the world's largest mobile phone factory here which will double its annual handset production capacity to 120 million units by 2020. The facility was inaugurated jointly by Prime Minister Narendra Modi and South Korean President Moon Jae-in.

TCS: TCS shares fell 1.34 percent to Rs 1,887.65 on Monday on profit booking ahead of its financial results later in the day. A CNBC-TV 18 poll estimates TCS Q1 profit to stay at Rs 6,965 crore with the dollar revenue seen up 1.9 percent. Rupee depreciation of 4 percent in the quarter will offset the dollar strength and provide margin tailwind, it added.

Idea Cellular: The telecom ministry (DoT) on Monday granted conditional approval to the long-pending merger of Vodafone India and Idea Cellular that will create the country's largest mobile services operator, PTI reported.

TataVsMistry: The Mumbai bench of the NCLT brought the curtains down on the two-year-old bitter feud between Tata Sons, India's largest conglomerate and Mistry, as it ruled in favour of Tata Group.

Dish TV: Direct-to-home (DTH) service provider Dish TV’s Q1FY19 results were ahead of street estimates. As compared to Q4FY18, Dish TV reported a revenue growth of 8 percent at Rs 1,655 crore, much above street expectations of 2-3 percent growth.