New Delhi, Feb. 23 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher Monday tracking upbeat global market cues after the US Supreme Court struck down the sweeping tariffs, but then President Donald Trump raised the new global tariffs rate to 15%.

The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 25,748 level, a premium of nearly 163 points from the Nifty futures' previous close.

On Friday, the Indian stock market ended higher, with the benchmark Nifty 50 closing above 25,500 level.

The Sensex gained 316.57 points, or 0.38%, to close at 82,814.71, while the Nifty 50 settled 116.90 points, or 0.46%, higher at 25,571.25.

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