New Delhi, May 14 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Thursday, following gains in global markets, even as sentiment remains cautious over the US-Iran war. Market participants will watch out for the meeting between US President Donald Trump and his Chinese counterpart Xi Jinping.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,527 level, a premium of nearly 65 points from the Nifty futures' previous close.

On Wednesday, the Indian stock market snapped its four-day losing streak and ended marginally higher, with the benchmark Nifty 50 closing above 23,400 level.

The Sensex gained 49.74 points, or 0.07%...