Indian benchmark indices are set to open higher on Thursday, supported by a positive signal from the Gift Nifty and easing crude oil prices.
The pre-market indicator was trading around the 24,114 level, marking a premium of nearly 62 points over the Nifty futures' previous close.
This suggests a constructive start for the Sensex and Nifty 50, reversing the muted expectations that preceded Wednesday's session.
The optimistic opening cue comes amid mixed signals from global markets, though Asian equities traded mostly higher overnight.
The drop in crude oil prices provides additional tailwinds for Indian equities, potentially improving input cost dynamics for domestic industries.
This follows a decisive recovery for Indian equities on Wednesday, when the Nifty 50 surged past the 24,000 mark after slipping below the level the previous day.