New Delhi, Oct. 16 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open higher on Thursday, following upbeat global market cues.

Asian markets traded higher, while the US stock market indices ended mostly in the green after strong earnings from major banks.

On Wednesday, the Indian stock market ended with strong gains, with the benchmark indices rallying over half a percent each.

The Sensex jumped 575.45 points, or 0.70%, to close at 82,605.43, while the Nifty 50 settled 178.05 points, or 0.71%, higher at 25,323.55.

"We maintain a bullish bias and continue to advocate a "buy on dips" approach as long as the index holds above the 25,000 support zone. Sector rotation currently favors banking, metals, a...