New Delhi, April 27 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open higher on Monday, following a rally in global markets, amid renewed hopes of US-Iran peace talks.

Asian markets traded higher, while the US stock market ended higher last week, with the S&P 500 and Nasdaq closing at record highs.

On Friday, the Indian stock market ended sharply lower as soaring crude oil prices and escalating US-Iran war in the Middle East dented sentiment.

The Sensex crashed 999.79 points, or 1.29%, to close at 76,664.21, while the Nifty 50 settled 275.10 points, or 1.14%, lower at 23,897.95.

"Markets are expected to remain sensitive to geopolitical developments, crude oil movements and foreign fund flows, with...