New Delhi, May 12 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Monday, amid upbeat domestic and global sentiment after India and Pakistan announced to halt military operations, while US and China agreed for a trade deal.

The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 24,541 level, a premium of nearly 475 points from the Nifty futures' previous close.

India and Pakistan reached a 'bilateral understanding' to halt firing and all military actions. Air Marshal AK Bharti said that Operation Sindoor achieved objectives.

On Friday, the domestic equity market extended losses amid rising India-Pakistan tensions, with the N...