Markets may eke out small gains in early trades Wednesday amid optimism in the Gift Nifty index, but a choppy intra-day ride cannot be ruled out as weakness in other Asian indices could prompt investors to exercise caution. The market has already run-up sharply to record highs in the last few sessions on the back of strong FII inflows. Investors will be eyeing the US FOMC Minutes to be released later today. Amongst sectors, there is a bright chance that the Nifty IT Index is likely to be an outperformer.