New Delhi, April 1 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Wednesday, tracking strong global market cues, amid hopes of an end to the prolonged US-Iran war.

The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 22,779 level, a premium of nearly 353 points from the Nifty futures' previous close.

The Indian stock market was closed for a holiday on Tuesday, March 31, due to Mahavir Jayanti.

On Monday, the Indian stock market suffered strong losses, with the benchmark Nifty 50 slipping below 22,400 level.

The Sensex crashed 1,635.67 points, or 2.22%, to close at 71,947.55, while the Nifty 50 settled 488.20 points, or 2...