New Delhi, Aug. 3 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a positive note on Monday, August 3, tracking firm global cues and softer crude oil prices.

Gift Nifty trends also pointed to a gap-up opening for domestic equities. The Gift Nifty was trading around 24,589.5, a premium of 137 points over the previous close of Nifty futures.

On Friday, the domestic equity market extended its gains for a third consecutive session, led by buying in select heavyweight stocks.

The BSE Sensex advanced 166.49 points, or 0.21%, to close at 78,094.64, while the Nifty 50 gained 66.45 points, or 0.27%, to settle at 24,383.60.

Crude oil prices declined sharply after US President Donald Trump said fresh nego...