New Delhi, May 5 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Monday, tracking upbeat global market cues.

The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 24,515 level, a premium of nearly 115 points from the Nifty futures' previous close.

On Friday, the domestic equity market indices ended with marginal gains, with the Nifty 50 holding above 24,300 level.

The Sensex gained 259.75 points, or 0.32%, to close at 80,501.99, while the Nifty 50 settled 12.50 points, or 0.05%, higher at 24,346.70.

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

Nifty options data suggests a neutral-to-cautious tone. While call...