New Delhi, Feb. 14 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Friday, tracking upbeat cues from global markets.

The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 23,195 level, a premium of nearly 87 points from the Nifty futures' previous close.

On Thursday, the domestic equity market ended lower for the seventh consecutive session, with the Nifty 50 holding above 23,000 level.

The Sensex eased 0.04% to close at 76,138.97, while the Nifty 50 settled 13.85 points, or 0.06%, lower at 23,031.40.

Nifty 50 formed a small red candle on the daily chart with a long upper shadow.

"Technically, this market action indicates...