New Delhi, July 8 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Wednesday, tracking weakness in global markets, amid escalating US-Iran tensions and rising crude oil prices.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 24225 level, a discount of nearly 234 points from the Nifty futures' previous close.

On Tuesday, the Indian stock market ended lower, snapping its four-day gaining streak amid profit booking at higher levels.

The Sensex declined 104.35 points, or 0.13%, to close at 78,180.72, while the Nifty 50 settled 31.65 points, or 0.13%, lower at 24,398.70.

Here's what to expect from Sensex, Nifty 50 and Ban...