New Delhi, Aug. 21 -- The key benchmark indices of the Indian stock market are expected to remain cautious despite breaking their recent losing streak, as elevated crude oil prices and renewed global risk aversion continue to weigh on sentiment. The Gift Nifty live index is trading nearly 90 points above yesterday's spot Nifty 50 close, which may attract Dalal Street bulls.

The Gift Nifty index is trading around 24,325, signalling a gap-up opening when the Indian market opens. Bulls may have a sigh of relief as the Gift Nifty live chart is trading above yesterday's close as well.

Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladher, believes the Indian stock market may have a gap-up opening. She said the Nifty 50 ...