New Delhi, April 15 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open higher on Wednesday, following upbeat global market cues, amid optimism over the progress in the resumption of US-Iran talks and early signs of de-escalation in the Middle East conflict.

Asian markets traded higher, while the US stock market jumped overnight, with the S&P 500 near its record closing high.

The domestic equity market was shut for trading on Tuesday, April 14, on the account of Dr Baba Saheb Ambedkar Jayanti.

On Monday, the Indian stock market resumed its downward trajectory and ended sharply lower.

The Sensex tanked 702.68 points, or 0.91%, to close at 76,847.57, while the Nifty 50 settled 207.95 points, or 0.86%,...