Reuters Market Eye - The Nifty is trading in the green, approaching record high of 7,968.25 hit on Monday. The broader index was up 0.44 percent as of 2:03 p.m.
Blue-chips gain, tracking stronger Asian markets on speculation of further stimulus in the Euro Zone.
Foreign investors bought Indian shares worth of $60.4 million on Tuesday, totalling nearly $13 billion in 2014 so far.
ICICI Bank Ltd gains 2.37 percent, Tata Motors Ltd is up 1.5 percent.
Indian companies with significant sales to Europe gain: Havells India Ltd surges 6.2 percent.
India's April-June growth data, balance of payment and derivative expiry on watch.
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(Reporting by Abhishek Vishnoi)