New Delhi, June 23 -- The Indian stock market is expected to open on a muted note on Tuesday as global cues turned cautious, as investors await further developments on the US-Iran peace deal. The trends on Gift Nifty also indicate a muted start for the Indian benchmark indices, Nifty 50 and Sensex today.

The Gift Nifty was trading around 24,111 level, a discount of nearly 13 points from the Nifty futures' previous close.

The domestic equity market indices closed higher in the previous session on reports of progress in US-Iran peace talks.

The Sensex rallied 291.17 points, or 0.38%, to close at 77,094.07, while the Nifty 50 settled 89.80 points, or 0.37%, higher at 24,102.90.

On the Nifty options front, Chandan Taparia Head Derivatives...