1. Gift Nifty Up: The GIFT Nifty, a precursor to the Indian market open, was trading higher than the Nifty futures' previous close, indicating a positive start for the domestic market.

2. Asian Markets Mixed: Asian markets witnessed mixed results, with some indices like Japan's Nikkei 225 and South Korea's Kospi rallying while others like China's Shanghai Composite Index dipping.

3. US Stocks Up: Wall Street closed higher after the US Federal Reserve (Fed) kept interest rates unchanged. This decision fueled optimism among investors and led to a rise in US stock indices.

4. Fed Comments: Fed Chair Jerome Powell's comments, while leaving the door open for future rate hikes, hinted that the current cycle of aggressive rate increases might be ending. This further bolstered investor confidence.

5. Producer Prices: US producer prices rose slightly less than expected, indicating that inflationary pressures might be easing. This was viewed positively by investors and contributed to the market's upward trajectory.

6. Global Cues: The combination of positive global cues, including the Fed's decision, rising US stock prices, and easing inflation concerns, is likely to boost the Indian market sentiment.

7. Profit Booking Risk: However, some analysts caution that profit booking, especially in heavyweight stocks, could pose a risk to the Indian market's rally.

8. Macroeconomic Data: Investors will also be cautious ahead of the release of important macroeconomic data from both India and the US, which could impact market sentiment.

9. Technical Analysis: From a technical perspective, the Nifty 50 index faces resistance at the 21,100 level. If it manages to break through this resistance, it could witness further upside.

10. Overall: Overall, the Indian stock market is expected to open higher on Thursday, December 14, 2023, driven by positive global cues and expectations of a possible pause in the Fed's rate hike cycle. However, investors should remain cautious and watch out for potential profit booking and the impact of upcoming macroeconomic data releases.