**Moneycontrol News**

The Nifty50 is expected to open flat on Wednesday tracking muted trend seen in other Asian markets. The Nifty50 closed 33 points higher at 10,245 on Tuesday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 7.5 points or 0.07 percent. The Nifty futures were trading around 10,268-level on the Singaporean Exchange.

The three major US stock indexes ended higher after a choppy session on Tuesday as investors looked forward to earnings season while the S&P 500 pushed above a key support level, Reuters reported.

The Dow Jones Industrial Average rose 389.17 points, or 1.65 percent, to 24,033.36, the S&P 500 gained 32.57 points, or 1.26 percent, to 2,614.45 and the Nasdaq Composite added 71.16 points, or 1.04 percent, to 6,941.28.

Asian markets were mixed in early Wednesday trade as Japanese stocks tracked gains seen on Wall Street overnight on a bounce in large cap technology names.

Japan's Nikkei 225 edged up by 0.42 percent and Topix crept higher by 0.16 percent. South Korea's benchmark Kospi index slipped 0.09 percent, weighed down by declines in the technology sector, CNBC reported.