Indian stock market, July 24 -- The domestic equity market indices, Sensex and Nifty 50, are expected to open higher on Thursday, following positive cues from global markets.

Asian markets traded higher, while the US stock market rallied overnight on reports of trade deals, with the Nasdaq and S&P closing at record highs.

On Wednesday, the Indian stock market ended with strong gains, lifted by a rally in index heavyweights, with the benchmark Nifty 50 closing above 25,200 level.

The Sensex surged 539.83 points, or 0.66%, to close at 82,726.64, while the Nifty 50 settled 159.00 points, or 0.63%, higher at 25,219.90.

"The ongoing recovery is being driven primarily by strength in banking majors, while heavyweights from other key sectors ...