The Indian equity market is likely to open higher today as SGX Nifty rose 47 points to 15,819. On Friday, equity benchmark Sensex pared all intraday gains and closed 136.69 points or 0.26 per cent lower at 52,793.62. During the day, the 30-stock index rallied 855.4 points or 1.61 per cent to 53,785.71. Nifty also dipped 25.85 points or 0.16 per cent to end at 15,782.15.