New Delhi, March 24 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Tuesday, tracking upbeat cues from global markets amid signs of de-escalation in the 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 22,843 level, a premium of nearly 328 points from the Nifty futures' previous close.

Global markets rallied on signals of de-escalation of the US-Iran war in the Middle East. US President Donald Trump extended his deadline for Iran to reopen the Strait of Hormuz, and said that the US will hold off striking Iranian power plants for five more days.

Meanwhile, Trump said US envoys have been holding talks with a...