New Delhi, May 26 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Monday, tracking positive global market cues.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,930 level, a premium of nearly 50 points from the Nifty futures' previous close.

On Friday, the domestic equity market ended sharply higher, with the Nifty 50 closing above 24,800 level.

The Sensex surged 769.09 points, or 0.95%, to close at 81,721.08, while the Nifty 50 settled 243.45 points, or 0.99%, higher at 24,853.15.

Here's what to expect from Sensex, Nifty 50 and Bank Nifty today:

Senex formed a promising reversal formation on daily charts and cu...