New Delhi, April 4 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Friday, tracking global market cues.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,201 level, a discount of nearly 125 points from the Nifty futures' previous close.

Asian markets traded lower, while the US stock market crashed overnight, with the S&P 500 companies erasing a combined market value of $2.4 trillion. Global markets slumped after President Donald Trump announced sweeping reciprocal tariffs on countries, raising concerns over a global trade war and fears of a global economic recession.

On Thursday, the domestic equity market slipped i...