The domestic markets rebounded smartly on Monday, rising nearly 2%, after a massive crash last week. Going into trade today, the BSE barometer Sensex could make a dash to reclaim the 50,000 mark amid a firm set of global cues. At 7.25 am, Nifty futures on the Singapore Exchange traded 102 points higher, indicating a gap-up start for indices back home.
Besides, strong macroeconomic data and weakness in crude oil prices could also support the upside.
India's goods and services tax (GST) collection surpassed the Rs 1 trillion-mark for the fifth consecutive month, touching Rs 1.13 trillion in February, indicating signs of improvement in the economy.