Markets may see flat-to-positive opening

Indian equities are likely to open flat on Wednesday, Feb. 6, 2013. SGX Nifty is trading at 5,977 (07.57 am), 10 points higher than Tuesday"s closeof 5,967.

Asian stocks gained as Japanese shares led rally after Toyota Motor Corp. raised its earnings forecast and the yen sank to the weakest level in almost three years. Japanese benchmark index Nikkei 225 rose 257.41 points, or 2.33%, to trade at 11,303.85.

Oil prices rose above USD 96 a barrel Tuesday in international markets. A barrel of US benchmark West Texas Intermediate settled at USD 96.64 a barrel, up 47 cents from Monday's close, on the New York Mercantile Exchange. The European oil benchmark, Brent futures, gained 92 cents to settle at USD 116.52 a barrel.

US stocks jumped Tuesday recovering much of Monday's losses and picking up momentum from solid economic indicators. The Dow Jones Industrial Average finished higher 99.22 points, or 0.71% at 13,979.30.

European stocks climbed on Tuesday as a measure of euro-area services output shrank less than forecast. UK's benchmark index FTSE 100 advanced 35.92 points, or 0.58%, to end at 6,282.76.

In the spot market, the Dollar Index increased 0.02% to 79.50 (21:14 ET).

World commodity prices gained on Tuesday with the increase in Reuters Jefferies CRB Index by 0.40%.