New Delhi, Aug. 12 -- The Indian stock market is likely to open flat amid mixed global market cues on Tuesday. The trends on Gift Nifty also signal a muted opening for the benchmark indices, Nifty 50 and Sensex today.

On Monday, the equity market saw a sharp short-covering rally, with the benchmark Nifty 50 closing above 24,500 level.

The Sensex jumped 746.29 points, or 0.93%, to close at 80,604.08, while the Nifty 50 settled 221.75 points, or 0.91%, higher at 24,585.05.

On the Nifty options front, Chandan Taparia Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services said that the maximum Call OI (Open Interest) is at 24,600 then 25,000 strike, while maximum Put OI is at 24,500 then 24,400 strike.

"Call wr...