New Delhi, July 29 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open on a higher note on Wednesday, 29 July, ahead of the US Fed rate announcement and escalation in the US-Iran war.

Asian markets traded higher on Wednesday, while the US stock market closed a little unchanged.

On Tuesday, the Indian stock market remained under pressure as benchmark indices ended slightly lower amid mixed cues from global markets. The Sensex declined 70 points, or 0.09%, to close at 76,765.92, while the Nifty 50 slipped 11 points, or 0.04%, to settle at 23,985.35.

"Indian equity markets ended largely flat as a broad sell-off across Asian markets weighed on investor sentiment. While easing geopolitical tensions in the...