New Delhi, July 1 -- The Indian stock market is likely to open flat on Wednesday, 1 July, tracking global market cues.

The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 23,994 level, a discount of nearly 16 points from the Nifty futures' previous close.

On Tuesday, the Indian stock market extended losses amid the monthly derivatives expiry, with the benchmark Nifty 50 closing below 23,900 level.

The Sensex dropped 249.70 points, or 0.33%, to close at 76,478.67, while the Nifty 50 settled 80.50 points, or 0.34%, lower at 23,865.75.

Here's what to expect from Sensex, Nifty 50, and Bank Nifty today:

Sensex formed a small bearish candle on daily charts and non-direction...