New Delhi, March 3 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Wednesday, as indicated by the Gift Nifty. Investors are likely to see domestic stocks open with deep cuts following a market holiday on Tuesday on account of Holi.

The weakness comes as tensions between the US, Israel, and Iran continue to escalate, keeping crude oil prices trading at multi-month highs and fueling fears that a prolonged war in the region could disrupt oil supplies, as the country meets 85% of its crude requirements through imports.

Global benchmark Brent rose above $80 a barrel to reach the 19-month high of $85.12 in today's trade, after spiking about 7% on Monday

Energy supply disruption concerns have m...