New Delhi, July 14 -- The Indian stock market is expected to open on a weak note on Tuesday as the global investor sentiment dampened after the escalation of the US-Iran war and the consequent surge in crude oil prices. The trends on Gift Nifty also signal a gap-down start for the frontline indices, Nifty 50 and Sensex today.

Gift Nifty was trading around 24,050 level, a discount of nearly 192 points from the Nifty futures' previous close.

Investor concerns have intensified after the US reinstated a naval blockade on Iranian shipping through the Strait of Hormuz and announced a 20% transit fee on cargo passing through the strategic waterway. This has triggered fresh fears of disruptions to global energy supplies and a sharp surge in cru...