New Delhi, April 3 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Thursday, tracking global market sell-off, after the US President Donald Trump announced reciprocal tariffs, imposing a 10% baseline tariff on all imports to the US.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,171 level, a discount of nearly 267 points from the Nifty futures' previous close.

On Wednesday, the domestic equity market ended higher, with the benchmark Nifty 50 closing above 23,300 level.

The Sensex rallied 592.93 points, or 0.78%, to close at 76,617.44, while the Nifty 50 settled 166.65 points, or 0.72%, higher at 23,332.35.

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