Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to start Wednesday's session with mild gains, following three back-to-back days of losses. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — rose as much as 75.5 points or 0.4 percent to 17,015.5 ahead of the opening bell on Dalal Street.

Investors awaited quarterly results of IT majors Wipro and HCL Tech due later in the day for domestic cues, after TCS, India's largest software exporter, kicked off the corporate earnings season this week.

Globally, concerns persisted about the impact of steep hikes in interest rates on economic growth.

About MarketBuzz: The CNBCTV18.com podcast on the big themes, vital news and key events that you should know before the opening bell, powered by CNBC-TV18 anchors. MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Reema Tendulkar, Nigel D’Souza and Mangalam Maloo to kickstart your stock market investing. Subscribe to our free podcasts on Audioboom or listen on the featured podcast page on CNBCTV18.com.

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!