New Delhi, Oct. 16 -- The Indian stock market showed a positive trend on Thursday, supported by optimism for a possible trade agreement between India and the US expected in November.

However, analysts cautioned that the markets are currently overbought and may face some corrections in the near future.

At 12:39 IST, the Nifty 50 index traded at 25,508 . 80, up by 185.80 points or 0.73%, while the BSE Sensex was trading at 83,185.41, gaining 579.98 points or 0.70%.

Investor sentiment remained upbeat amid growing expectations of a favourable outcome in the upcoming trade talks between India and the United States.

Nifty 50 witnessed a sharp follow-through upmove so far today and is currently trading higher by 140 points. The short-term hu...