New Delhi, May 4 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Monday, tracking upbeat cues from global markets as sentiment improved after US President Donald Trump announced an effort to free up ships stranded in the Strait of Hormuz to aid neutral countries in the US-Iran war.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,240 level, a premium of nearly 142 points from the Nifty futures' previous close.

The Indian stock market was closed for trading on Friday for Maharashtra Day.

On Thursday, the Indian stock market ended lower, with the benchmark Nifty 50 closing below 24,000 level.

The Sensex cracked 582...