New Delhi, June 12 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Friday, tracking upbeat cues from global markets on hopes of a US-Iran peace deal after President Donald Trump canceled planned strikes against Iran.

The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 23,523 level, a premium of nearly 323 points from the Nifty futures' previous close.

On Thursday, the Indian stock market ended lower as tensions flared up in the Middle East, with the benchmark Nifty 50 closing below 23,200 level.

The Sensex declined 150.63 points, or 0.20%, to close at 73,832.55, while the Nifty 50 settled 53.35 points, or 0.23%, lower at ...