New Delhi, April 17 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday, following mixed cues from global markets, amid optimism that the US-Iran war could come to an end soon.

Asian markets traded lower, while the US stock market ended higher overnight, with Nasdaq rising for the 12th consecutive session, its longest winning streak since July 2009.

On Thursday, the Indian stock market gave up gains and ended lower amid profit booking in select index heavyweights.

The Sensex declined 122.56 points, or 0.16%, to close at 77,988.68, while the Nifty 50 settled 34.55 points, or 0.14%, lower at 24,196.75.

"We reiterate our positive stance on the Nifty 50 and recommend a 'buy on dips' appr...