Sensex, Nifty likely to open positive; Jet Airways, Wipro, Indiabulls Housing Finance, LVB in focus

The Indian stock market is set to open higher on Tuesday following positive trade data and monsoon forecast. India's exports grew significantly by 11 percent to $32.55 billion in March on account of higher growth in various sectors. India's trade deficit narrowed to $10.89 billion as compared to $13.51 billion in the corresponding period last year.

However, the gains will be limited as Asian stocks traded little changed after disappointing bank earnings in US dented Wall Street. Positive signs for the global economy may limit losses in global markets.

At 07:20 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.12 at 11,751.50, indicating a weak start for the Sensex and Nifty.

Stocks in focus: Jet Airways, Wipro, Indiabulls Housing Finance, Lakshmi Vilas Bank.