Stock market today, April 16 -- Indian indices - Sensex and Nifty - are likely to open on a positive note on Thursday, tracking positive cues from global markets.

Gift Nifty was trading near the 24,346 mark, reflecting a premium of over 97 points over the previous close of Nifty futures, signalling a likely gap-up opening for the Indian stock market indices.

"Indian equity markets are currently trading in a cautious recovery phase, supported by a notable improvement in global sentiment. Renewed optimism surrounding the progress in restarting U.S.-Iran negotiations has helped ease immediate geopolitical concerns, thereby enhancing overall risk appetite. Brent crude oil prices have moderated and are consolidating in the range of $94-95 pe...