New Delhi, July 15 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a steady note on Wednesday, tracking gains in global markets, with underlying sentiment expected to remain cautious amid rising geopolitical tensions in the Middle East.

The trends on Gift Nifty also indicate a muted start for the Indian benchmark index. The Gift Nifty was trading around 24,032 level, a premium of nearly 8 points from the Nifty futures' previous close.

On Tuesday, the Indian stock market ended lower, with the benchmark Nifty 50 closing below 24,100 level.

The Sensex plunged 561.46 points, or 0.72%, to close at 77,054.94, while the Nifty 50 settled 158.95 points, or 0.66%, lower at 24,052.05.

Here's what to expec...