New Delhi, Feb. 3 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Tuesday after the announcement of India-US trade deal by President Donald Trump.

The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 25,937 level, a premium of nearly 795 points from the Nifty futures' previous close.

Donald Trump announced the reduction in reciprocal tariffs on Indian goods to 18% from 25% and said that India will also reduce its tariffs and non-tariff barriers against the US to zero.

On Monday, the Indian stock market snapped its two-day losing streak and ended higher, with the Nifty 50 reclaiming the 25,000 level.

The Sensex rallied 943...