New Delhi, Feb. 2 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Monday and stabilize from the steep fall seen in the previous session, amid mixed global market cues.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,875 level, a premium of nearly 22 points from the Nifty futures' previous close.

On Sunday, the Indian stock market ended sharply lower in the special trading session after the announcement of the Budget 2026. The proposal by Finance Minister Nirmala Sitharaman in her Budget speech to increase the Securities Transaction Tax (STT) on F&O trading rattled markets.

On Sunday, the Indian stock market ended...