New Delhi, Aug. 4 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a muted note on Tuesday, 4 August, despite positive global market cues.

Gift Nifty trends also signalled a largely flat opening for domestic equities. The Gift Nifty was trading around 24,669, indicating a premium of nearly 20 points over the previous close of Nifty futures.

In the previous session, the domestic market ended with strong gains. The BSE Sensex advanced 544.39 points, or 0.70%, to settle at 78,639.03, while the Nifty 50 climbed 390.70 points, or 1.60%, to close at 24,774.30, extending its recent rally.

According to media reports, crude oil prices edged higher on Tuesday after a steep decline in the previous session, ...