New Delhi, Oct. 9 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Thursday, tracking gains in global markets amid cooling tensions in the Middle East.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,152 level, a premium of nearly 32 points from the Nifty futures' previous close.

Global markets rallied after Israel and Hamas agreed to the "first phase" of the peace plan to pause fighting and release at least some hostages and prisoners. Reports said that the first phase of a ceasefire deal between Israel and Hamas in Gaza will be signed soon.

On Wednesday, the domestic equity market snapped its four-day winning st...