India, Oct. 23 -- The Nifty 50 is set to open higher today, as optimism over an India-US trade deal brings back foreign investors to the world's third largest stock market.

At 8:30 am, Gift Nifty futures were trading 0.13% lower at 26,253.50 after a positive open. That indicates a mixed open for Nifty 50 near its all-time high level of 26,277.35.

Both NSE Nifty 50 and BSE Sensex have gained about 3% in the previous five sessions, aided by stable earnings from the likes of Reliance Industries Ltd. and optimism over a festive-season boost to consumption demand. Foreign investors have been net buyers for five straight sessions.

On 22 October, Mint reported that India and the US are closing in on a long-pending trade deal that could slash ...