New Delhi, July 29 -- The Indian stock market is likely to extend losses and open lower on Tuesday, following weak global market cues. The trends on Gift Nifty also indicates a tepid start for the benchmark indices, Sensex and Nifty 50.

On Monday, the equity market ended with significant losses for the third consecutive session, with the benchmark Nifty 50 closing below 24,700 level.

The Sensex declined 572.07 points, or 0.70%, to close at 80,891.02, while the Nifty 50 ended 156.10 points, or 0.63%, lower at 24,680.90.

On the Nifty options front, Chandan Taparia, Head - Derivatives and Technicals, Wealth Management, MOFSL said that the maximum Call OI (Open Interest) is at 24,800 then 25,000 strike, while maximum Put OI is at 24,500 th...