After a firm start on the back of some hectic buying in several blue chip stocks following the International Monetary Fund pledging fresh capital to protect the global economy from the European debt crisis, the Japanese stock market pared most of its gains due to lack of support at higher levels.

Indian shares are seen opening higher on Wednesday, mirroring firm Asian cues as a successful Spanish bond auction eased concerns over the eurozone debt crisis and the International Monetary Fund raised its global growth projections for this year and next, citing improvements in the U.S. economy and emerging economies.