Indian stock market, Feb. 4 -- The domestic equity market indices, Sensex and Nifty 50, are expected to open higher on Tuesday, following gains in Asian peers.

Asian markets traded higher, while the US stock market declined overnight and closed off-lows after President Donald Trump decided to delay tariffs on Canada and Mexico by a month.

On Monday, the Indian stock market ended with significant losses amid weak global cues and concerns over low capex allocation in the Union Budget 2025.

The Sensex dropped 319.22 points, or 0.41%, to close at 77,186.74, while the Nifty 50 settled 121.10 points, or 0.52%, lower at 23,361.05.

"Slump in global equity markets weighed negatively on Indian benchmarks after Trump announced tariffs on China, ...