New Delhi, April 29 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open flat on Wednesday, following mixed cues from global markets.

Asian markets fell, while the US stock market ended lower, with the Nasdaq suffering its biggest daily percentage loss in a month.

On Tuesday, the Indian stock market ended lower, weighed down by profit booking in banking heavyweights.

The Sensex declined 416.72 points, or 0.54%, to close at 76,886.91, while the Nifty 50 settled 97.00 points, or 0.40%, lower at 23,995.70.

"We recommend maintaining a cautious stance on the index and continuing with a sector- and theme-specific approach. Our preference remains for energy, metals, capital market, and pharma stocks for lon...