New Delhi, May 11 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Monday, tracking mixed cues from global markets, after US and Iran rejected peace proposal which sent crude oil prices higher.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,055 level, a discount of nearly 179 points from the Nifty futures' previous close.

On Friday, the Indian stock market extended losses for the second consecutive session and ended lower, with the Nifty 50 closing below 24,200 level.

The Sensex slipped 516.33 points, or 0.66%, to close at 77,328.19, while the Nifty 50 settled 150.50 points, or 0.62%, lower at 24,176.15.

Here's w...