Global markets today, July 29 -- The Indian stock market is likely to open higher, with GIFT Nifty futures trading near 24,200 in early trade, suggesting a gap-up relative to the Nifty's previous close of 23,985. Despite the positive opening cues, the underlying sentiment is expected to remain cautious as geopolitical tensions in the Middle East continue to dominate investor focus.

Advising investors to remain vigilant about the fresh developments in the US-Iran war, Ponmudi R, CEO at Enrich Money, said, "Fresh strikes by US and Saudi forces on Iran-linked militant sites in Iraq, alongside reports of Iranian missile strikes on US military bases, have intensified geopolitical tensions and revived concerns over energy supply disruptions."...