Stock market news, July 8 -- The benchmark Indian equity indices, Sensex and Nifty 50, are likely to open lower on Wednesday, tracking mixed Asian markets and weak overnight cues from Wall Street as escalating tensions between the US and Iran dampened global risk sentiment.

Asian markets traded mixed, while US equities closed lower overnight, pressured by a selloff in semiconductor stocks.

On Tuesday, domestic equities snapped a four-session winning streak as investors booked profits amid rising geopolitical tensions in the Middle East. Fresh military action between the US and Iran pushed crude oil prices higher, raising concerns over inflation and India's import bill.

The Sensex declined 104.35 points, or 0.13%, to close at 78,180.72,...