Market Outlook

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a cautious note on Thursday, amid mixed global market cues over the US-Iran war. The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 24,460 level, a premium of nearly 13 points from the Nifty futures’ previous close. On Wednesday, the Indian stock market ended sharply higher, with the Nifty 50 closing above 24,300 level. The Sensex surged 940.73 points, or 1.22%, to close at 77,958.52, while the Nifty 50 settled 298.15 points, or 1.24%, higher at 24,330.95.