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.

What is the market’s outlook on Thursday? Find out how the markets are poised to perform after a surge in global markets.

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.