The Nifty50 is expected to open flat-to-higher on Wednesday tracking positive trend seen in other Asian markets. The Nifty50 closed 30 points higher at 10,124 on Tuesday.

Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 4 points or 0.04 percent. Nifty futures were trading around 10,162-level on the Singaporean Exchange.

US stocks advanced modestly on Tuesday as higher oil prices lifted the energy sector, but another slump in Facebook Inc shares curbed gains. Those gains helped the S&P energy index rise 0.84 percent, making it easily the best performing of the 11 major S&P 500 sectors, Reuters reported.

The Dow Jones Industrial Average rose 116.36 points, or 0.47 percent, to 24,727.27, the S&P 500 gained 4.02 points, or 0.15 percent, to 2,716.94 and the Nasdaq Composite added 20.06 points, or 0.27 percent, to 7,364.30.

Asian markets gained early in the session on Wednesday, with markets focused on the Federal Reserve after it kicked off its March meeting. The Kospi traded higher by 0.17 percent while the junior Kosdaq edged up by 0.4 percent, CNBC reported.