India, April 24 -- Positive earnings updates from the corporate sector helped markets extend gains. Bank of America upgrading the Tesla stock to Buy also boosted sentiment.

In economic data, markets expect the Durable Goods Orders from the U.S. due on Wednesday, to show a reading of 2.5 percent in March, versus 1.3 percent in the previous month.

Wall Street Futures are trading mixed ahead of the GDP update from the U.S. due on Thursday and the PCE-based inflation readings due on Friday. European benchmarks rallied amidst Germany's Ifo Business Climate Indicator touching an 11-month high. Asian shares finished mostly higher amidst a higher-than-expected CPI reading from Australia and ahead of Bank of Japan's interest rate decision due late...