New Delhi, July 16 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a cautious note on Thursday, 16 July, tracking mixed global cues as investors assess the impact of the escalating US-Iran conflict and persistently high crude oil prices.

Asian markets traded lower in early deals, while Wall Street ended higher overnight as softer US economic data supported sentiment despite continued geopolitical uncertainty in the Middle East.

On Wednesday, Indian equities ended marginally higher, aided by positive global cues and selective buying across sectors. The BSE Sensex gained 130.49 points, or 0.17%, to close at 77,185.43, while the Nifty 50 advanced 26.45 points, or 0.11%, to settle at 24,078.50.

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