Stock market today, Aug. 3 -- On Friday, the Indian stock market closed in positive territory, with the benchmark Nifty 50 ending the session below the 24,400 mark. The Sensex gained 166.49 points, or 0.21%, to settle at 78,094.64, while the Nifty 50 advanced 66.45 points, or 0.27%, to finish at 24,383.60.

However, the market is likely to open on a higher note as trends in the Gift Nifty index signalled a positive start on Monday, 3 August. Gift Nifty was trading near the 24,580 mark, up over 200 points from the previous close of Nifty futures.

"Indian equity markets are poised for a cautiously positive start, with investor sentiment improving after U.S. President Donald Trump indicated that negotiations with Iran are expected to resume...