New Delhi, Oct. 17 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Friday, amid weak global cues. The trends on Gift Nifty also signal an opening in the red for the benchmark indices, Nifty 50 and Sesex today.

The equity market witnessed a stellar rally in the previous session, and the benchmark Nifty 50 closed above 25,500 level.

The Sensex surged 862.23 points, or 1.04%, to close at 83,467.66, while the Nifty 50 settled 261.75 points, or 1.03%, higher at 25,585.30.

On the Nifty options front, Chandan Taparia Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services Ltd said that the maximum Call OI (Open Interest) is at 26,000 then 25,800 strike, while maximum Pu...