Mumbai, Aug. 5 -- Indian benchmark indices are set to open on a firm note with Wall Street witnessing a strong rebound and Brent tumbling below USD 80 per barrel as per analysts.

The S&P 500 and Dow returned to record highs on Tuesday with S&P 500 surging 1.79 per cent to close at 7,737 points, marking its first record high in two months. At the same time, Dow gained more than 900 points, or 1.71 per cent settling above 54,000 points for the first time ever.

This rally was supported by strong corporate earnings, a rebound in technology shares and growing hopes of progress toward reopening the Strait of Hormuz lifted investor sentiment. The Dow soared more than 900 points, or 1.71 per cent and closed above 54,000 points for the first tim...