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India's NSE index may hit a record high as NSE index futures traded on the Singapore Exchange rise 0.5 percent, while the MSCI-Asia Pacific index excluding Japan gains 0.66 percent.

Asian stocks edged up on Wednesday as risk aversion triggered by recent geopolitical tensions continued to ebb, while the euro languished near eight-month lows.

  Overseas investors bought Indian shares worth 4.12 billion rupees ($68.6 million) on Tuesday, provisional exchange data shows. 

Indian generics drug maker Lupin shares on watch on plans to bid for a range of older drugs being auctioned by GlaxoSmithKline.

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