New Delhi, April 1 -- The Indian stock market is expected to open higher on Wednesday, tracking upbeat global market cues, on hopes that the US-Iran war can end soon. The trends on Gift Nifty also signals a gap-up start for the frontline indices, Nifty 50 and Sensex.

In the previous session, the Indian stock market crashed, with the benchmark Nifty 50 slipping below 22,400 level.

The Sensex plunged 1,635.67 points, or 2.22%, to close at 71,947.55, while the Nifty 50 settled 488.20 points, or 2.14%, lower at 22,331.40.

On the Nifty options front, Chandan Taparia Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services Ltd said that the maximum Call Open Interest (OI) is at 23,000 then 22,500 strike, while maxim...