Indian stock markets saw a strong recovery on Tuesday, with both the Sensex and Nifty surging over 1.25 per cent in early trade.

"At best the market may consolidate around the present levels with sideways movements. Sustained up moves will emerge only when incoming data indicates earnings recovery," he adde

The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,550 level, a premium of nearly 35 points from the Nifty futures’ previous close.