New Delhi, Dec. 30 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open in the red on Tuesday, December 30, extending losses for the fifth straight session amid thin trade following muted cues from the global peers.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading near 25,936 level, down 29 points or 0.11% from the Nifty futures' previous close.

In the previous session, the Indian stock markets ended in the red on Monday, December 29, as subdued participation and the absence of strong market cues curtailed risk appetite, pointing to a phase of near-term consolidation. Market sentiment continued to remain under pressure due to sustained sel...