New Delhi, April 22 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Wednesday, following mixed global market cues, amid cautiousness over the US-Iran ceasefire and as the blockade of the Strait of Hormuz continues.

Asian markets traded mixed, while the US stock market ended lower overnight after the second round of peace talks was rejected by Iran.

On Tuesday, the Indian stock market ended with strong gains amid the possibility of US-Iran peace talks.

The Sensex jumped 753.03 points, or 0.96%, to close at 79,273.33, while the Nifty 50 settled 211.75 points, or 0.87%, higher at 24,576.60.

"Indian equities are expected to continue their gradual upmove, supported by improving macros, easin...