The Indian markets are likely to see a cautious start tracking global cues. On the domestic front, inflation numbers for the month of January due today will also impact sentiment.
US stocks rose on Monday, after Greece's parliament approved reforms needed to qualify for a bailout and avoid an unruly default. The Dow Jones industrial average gained 72.81 points, or 0.57 per cent, to 12,874.04. The S&P 500 Index gained 9.12 points, or 0.68 per cent, to 1,351.76.
Rating agency Moody's warned on Monday it may cut ratings of France, the United Kingdom and Austria, while it downgraded the ratings of Italy, Portugal, Spain, Slovakia, Slovenia and Malta.
In Asia, MSCI's broadest index of Asia Pacific shares outside Japan fell 0.2 per cent on Tuesday, while Japan's Nikkei opened down 0.2 per cent.
Among individual stocks, Jain Irrigation Systems will react to 98 per cent drop in its December quarter net to 1.24 crore on account of foreign exchange loss.
Cipla, Wockhardt and Indian Oil are some of the other stocks that will react to their December quarter results that were announced post market hours on Monday.
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The government is moving ahead with plans of disinvestment in blue-chips ONGC and BHEL through the auction route to raise about Rs 14,500 crore within the current fiscal itself. This could bring these stocks back in focus today.
Also keep a tab on IVRCL, JP Associates, Voltas, Tata Motors and Unitech that will announce their respective December quarter results today.