New Delhi, Jan. 16 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Friday, amid mixed global cues.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,778 level, a premium of nearly 60 points from the Nifty futures' previous close.

The Indian stock market was closed for a holiday on Thursday on account of municipal corporation elections in Maharashtra.

On Wednesday, the Indian stock market ended lower, extending losses for the second consecutive session, with the benchmark Nifty 50 slipping below 25,700 level.

The Sensex dropped 244.98 points, or 0.29%, to close at 83,382.71, while the Nifty 50 settled 66.70 points,...