Indian stock market, Oct. 29 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open higher on Wednesday, following a rally in global markets ahead of the expected interest rate cut by the US Federal Reserve after the conclusion of its policy meeting later today.

Asian markets traded higher, while the US stock market rallied overnight, with all three major Wall Street indices posting record closing highs.

On Tuesday, the Indian stock market ended lower on profit booking, with the benchmark Nifty 50 holding above 25,900 level.

The Sensex fell 150.68 points, or 0.18%, to close at 84,628.16, while the Nifty 50 settled 29.85 points, or 0.11%, lower at 25,936.20.

"Overall, we expect the markets to remain fir...