New Delhi, May 12 -- The Indian stock market is expected to open lower on Tuesday, despite a positive trend in global markets, amid worries over the economic fallout of the rising crude oil prices and US-Iran war on the domestic economy. The trends on Gift Nifty also signals a gap-down start for the benchmark indices, Nifty 50 and Sensex today.

The Gift Nifty was trading around 23,719 level, a discount of nearly 150 points from the Nifty futures' previous close.

In the previous session, the equity market extended losses for the third straight day, with the Nifty 50 slipping below 23,900 level.

The Sensex crashed 1,312.91 points, or 1.70%, to close at 76,015.28, while the Nifty 50 settled 360.30 points, or 1.49%, lower at 23,815.85.

On...