New Delhi, April 16 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open higher on Thursday, following overnight gains on Wall Street, on hopes of de-escalation in the US-Iran war.

Asian markets traded higher, while the US stock market ended mixed overnight, with the Nasdaq posting an 11-session winning streak for the first time since November 2021.

On Wednesday, the Indian stock market saw a fresh spell of buying, with both the benchmark indices jumping over a percent each.

The Sensex rallied 1,263.67 points, or 1.64%, to close at 78,111.24, while the Nifty 50 closed 388.65 points, or 1.63%, higher at 24,231.30.

"The Indian equities are expected to sustain their upward bias as long as the peace talk...