New Delhi, Aug. 28 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Thursday as the additional US tariffs of 25% on Indian exports came into effect. The cumulative tariff imposed by the US on India now stands at 50%.

The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 24,665 level, a discount of nearly 66 points from the Nifty futures' previous close.

Indian markets were closed on Wednesday, August 26, due to Ganesh Chaturthi.

On Tuesday, the domestic equity market ended lower, with the benchmark Nifty 50 closing below 24,800 level.

The Sensex cracked 849.37 points, or 1.04%, to close at 80,786.54, while the Nifty 50 settled...