New Delhi, July 8 -- The Indian stock market indices are expected to see a weak opening on Wednesday, following selloff in global markets. 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 24,238 level, a discount of nearly 202 points from the Nifty futures' previous close.

Investors are likely to remain cautious over the escalating tensions between the US and Iran in the Middle East and the rising crude oil prices. The US military launched a series of powerful strikes against Iran and revoked a license allowing the country to sell oil, following Iran's attack on three tankers in the Strait of Hormuz.

The escalating US-Iran war lifted crude oil pric...