The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,567 level, a premium of nearly 37 points from the Nifty futures’ previous close.

Sensex and Nifty traded slightly higher on Thursday, buoyed by positive global cues and softer inflation data in India and the U.S. IT stocks led sectoral gains, rising 0.7%, despite the Nifty IT index slipping into a bear market.

Stock market opening prediction today: Sensex and Nifty are likely to open higher after positive US and domestic retail inflation data. Benchmark stock market indices are likely to witness a positive opening on Thursday, but gains could be limited due to ongoing uncertainty.