New Delhi, Feb. 6 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Thursday amid upbeat global market cues.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,810 level, a premium of nearly 35 points from the Nifty futures' previous close.

On Wednesday, the domestic equity market ended lower, with the Nifty 50 closing tad below the 23,700 level.

The Sensex declined 312.53 points, or 0.40%, to close at 78,271.28, while the Nifty 50 settled 42.95 points, or 0.18%, lower at 23,696.30.

Nifty 50 formed a bearish candle on the daily chart, with the price closing above the 20-day, 50-day, and 200-day Exponential Moving Ave...