Indian equity benchmarks are set to open higher on Thursday, driven by a sharp decline in crude oil prices and mixed global market cues.
The pre-market indicator, Gift Nifty, is trading around the 24,130 level, reflecting a premium of nearly 78 points over Nifty futures and pointing to a positive start for the broader market.
68, while the Nifty 50 dropped 279 points, slipping below the critical 24,000 support level.
This upward momentum marks a reversal from Tuesday's session, when Indian markets extended their losses.
The Sensex fell 893 points, or 1.16%, to close at 76,200.68, while the Nifty 50 dropped 279 points, slipping below the critical 24,000 support level.
The previous day's subdued outlook, with the Gift Nifty indicating a flat start, has given way to renewed buying interest ahead of the Thursday open.
The drop in crude oil prices serves as a key catalyst for the improved sentiment, reducing input cost pressures for domestic industries and supporting investor confidence.