New Delhi, July 24 -- The Indian stock market is poised to extend selloff on Friday, tracking a fall in global equities, as escalating US-Iran war and a sharp surge in crude oil prices dented investor sentiment. The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark indices, Nifty 50 and Sensex today.

The Gift Nifty was trading around 23,667 level, a discount of nearly 207 points from the Nifty futures' previous close.

The domestic equities ended lower for the fourth consecutive session on Thursday, with the benchmark Nifty 50 slipping below 23,900 level.

The Sensex fell 363.66 points, or 0.47%, to close at 76,391.39, while the Nifty 50 settled 126.65 points, or 0.53%, lower at 23,869.60.

On the Nifty options...