New Delhi, April 16 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Thursday, tracking a rally in global markets, on hopes of US-Iran peace talks and de-escalation in the Middle East conflict.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,303 level, a premium of nearly 66 points from the Nifty futures' previous close.

On Wednesday, the Indian stock market ended sharply higher, with the benchmark Nifty 50 closing above 24,200 level.

The Sensex jumped 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.

Here's what to expect from Sensex, Nifty ...