Indian stock market, Aug. 25 -- The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open higher on Monday, following upbeat global market cues on rising hopes of an interest rate cut by the US Federal Reserve.

Asian markets traded higher, while the US stock market rallied last week, with the Dow Jones hitting a record closing high, after US Federal Reserve Chair Jerome Powell's Jackson Hole speech.

Traders boosted bets on a September rate cut after Powell's comments, now placing a nearly 90% chance of a reduction, versus about 75% before Powell's remarks.

On Friday, the Indian stock market ended sharply lower, with the benchmark indices snapping their six-day winning streak.

The Sensex declined 693.86 po...