New Delhi, May 21 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Thursday, following upbeat cues from global markets, amid hopes of a US-Iran ceasefire deal.

The trends on Gift Nifty also indicate a strong start for the Indian benchmark index. The Gift Nifty was trading around 23,804 level, a premium of nearly 136 points from the Nifty futures' previous close.

On Wednesday, the Indian stock market ended marginally higher, with the benchmark Nifty 50 holding above 23,600 level.

The Sensex gained 117.54 points, or 0.16%, to close at 75,318.39, while the Nifty 50 settled 41.00 points, or 0.17%, higher at 23,659.00.

Here's what to expect from Sensex, Nifty 50 and Bank Nifty today:

Sensex c...