New Delhi, April 30 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Thursday, following weakness in global markets after a stalemate in US-Iran peace talks pushed crude oil prices higher, and the US Federal Reserve delivered a hawkish pause.

Asian markets traded lower, while the US stock market ended mixed after US Fed policy and big tech earnings.

On Wednesday, the Indian stock market retreated sharply from the day's highs but ended higher.

The Sensex jumped 609.45 points, or 0.79%, to close at 77,496.36, while the Nifty 50 settled 181.95 points, or 0.76%, higher at 24,177.65.

"Markets are likely to remain volatile and event-driven in the near term, with reactions to exit poll outcomes...