The Indian stock market is likely to open higher on Thursday amid positive global cues. Asian markets were trading higher with Japan's Nikkei rising 1552 pts to 50,000 and Taiwan Weighted rising 613 pts to 27,193. Overnight, US market ended in the green.

S&P 500 rose 25 points to 6642 and Dow Jones gained 47 pts to 46,138. Nasdaq added 131 pts to 22,564. Advertisement

Meanwhile, Nifty futures traded 129 points higher at 26,078, hinting at a positive start for the domestic market.

Ponmudi R, CEO of Enrich Money, a SEBI registered online trading and wealth tech firm said, "A clean breach of the 26,100 mark could trigger meaningful short covering and pave the way for a swift extension toward the horizontal resistance near the previous all-time high of 26,277. A sustained move beyond thi

See Full Page