New Delhi, Feb. 4 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Tuesday, tracking gains in Asian markets.

The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 23,543 level, a premium of nearly 101 points from the Nifty futures' previous close.

On Monday, the domestic equity market ended lower, with the Nifty 50 falling below 23,400.

The Sensex dropped 319.22 points, or 0.41%, to close at 77,186.74, while the Nifty 50 settled 121.10 points, or 0.52%, lower at 23,361.05.

Nifty 50 formed a bullish hammer candle on the daily chart, signaling a potential reversal in sentiment.

Here's what to expect from Sensex, Nifty 50 and...