(Reuters) - Indian shares are expected to open higher on Tuesday, tracking a bounce in global equities, as investors eyed decisions from central banks that would help avoid a financial crisis.
Domestic investors were also keeping an eye on global crude prices as a surge will heat up inflation in the world's third largest oil importing country.
India's NSE stock futures listed on the Singapore exchange were up 1.4%, as of 0220 GMT, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.1%.
The NSE Nifty 50 index fell 1.2% to 16,887.35 on Monday and the S&P BSE Sensex closed down 1.1% at 56,788.81.
Asian stocks bounced on Tuesday after Britain scrapped bits of a controversial tax cut plan, tentatively improving global market sentiment and rallying bonds and the pound.
A United Nations agency warned on Monday of the risk of a monetary policy-induced global recession that would have especially serious consequences for developing countries and called for a new strategy.
Foreign institutional investors bought net 5.91 billion rupees ($72.48 million) worth of equities on Monday, while domestic investors sold net 4.23 billion rupees worth, as per provisional data available with the National Stock Exchange.
Stocks to watch:
** Marico said it expects consumption trends to improve in the second half of current fiscal.
** KEC International gets orders worth 14.07 bln rupees.
** Gravita India said there were no such plans of stake sale by promoter or promoter group.
** Dilip Buildcon via JV got letter of acceptance from Gujarat Metro Rail Corp for project cost of 10.61 billion rupees.
** Housing Development Finance Corporation Ltd said gross income from dividend for Sept-quarter was 13.60 billion rupees.
** Medicamen Biotech forayed into domestic pharma business via unit.
** Avenue Supermarts reported rise in September quarter revenue from operations.
** NCC received new order for 3.93 billion rupees.
** Bank Of Maharashtra said gross advances rose 28.65% year on year in second quarter.
** Anupam Rasayan approved price for qualified institutions placement at 725 rupees per share.
** IndusInd Bank said second quarter net advances rose 18% year on year
** Info Edge will invest 1.35 billion rupees via share purchase in Sunrise Mentors.
** TTL Enterprises will consider issue of shares on preferential basis.
** VSF Projects will consider proposals for fund raising.