New Delhi, Oct. 23 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open higher on Thursday, amid optimism over India-US trade deal.

Asian markets traded lower, while the US market declined overnight, over US-China trade tensions and mixed corporate earnings.

On Tuesday, Indian stock market ended with marginal gains in the special Diwali Muhurat trading session.

The Sensex gained 62.97 points, or 0.07%, to close at 84,426.34, while the Nifty 50 settled 25.45 points, or 0.10%, higher at 25,868.60.

The stock market was closed on Wednesday, October 22, on account of Diwali Balipratipada.

"The Nifty 50 index is currently trading at a CY26 forward P/E of 18X, slightly above its average of 17X. This sugges...