New Delhi, March 25 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Wednesday, tracking a rally in global markets, amid reports of peace talks between the US and Iran.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,120 level, a premium of nearly 192 points from the Nifty futures' previous close.

On Tuesday, the Indian stock market ended sharply higher amid signs of de-escalation in the US-Iran war, with the benchmark Nifty 50 closing above 22,900 level.

The Sensex surged 1,372.06 points, or 1.89%, to close at 74,068.45, while the Nifty 50 settled 399.75 points, or 1.78%, higher at 22,912.40.

Here's what to expe...