Indian benchmark indices, Sensex and Nifty opened higher on Thursday as investors reacted to domestic inflation data, which suggested the possibility of another rate cut, despite concerns over US inflation impacting risk sentiment.

The S&P BSE Sensex was up 163.21 points to 76,334.39, while the NSE Nifty50 gained 46.25 points to 23,091.50 as of 9:30 AM.

Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Wednesday. While BSE Sensex was below 75,800, Nifty50 was near 22,900.

The Indian benchmark indices, Sensex and Nifty surged in the first half of Thursday driven by India's better-than-expected inflation data, which sparked optimism for a potential rate cut by the RBI. However,

The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,135 level, a premium of nearly 12 points from the Nifty futures’ previous close.