Stock market today, Oct. 16 -- The Indian stock market commenced on a positive note on Thursday, buoyed by hope for a potential trade agreement between India and the US anticipated in November.

Nevertheless, analysts warned that the markets are currently in an overbought territory and might experience some corrections in the short term.

The Nifty 50 index opened at 25,394.90, an increase of 71.35 points or 0.28 percent, while the BSE Sensex began the day at 82,794.79, rising by 189.36 points or 0.23 percent.

Investor sentiment remained optimistic amid increasing hopes of a successful outcome in the forthcoming trade negotiations between India and the United States.

Osho Krishan of Angel One, said that the next few sessions ahead of th...