New Delhi, July 29 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Wednesday, 29 July, in line with stable global cues.

The Gift Nifty also signalled a positive start for domestic equities, trading around 24,215, a premium of 116.2 points over the previous close of Nifty futures.

On Tuesday, the Indian stock market ended on a subdued note, with benchmark indices closing nearly unchanged. The Nifty 50 slipped below the 24,100 mark to end at 24,003.75, down 10.60 points, or 0.04%, while the Sensex declined 69.86 points, or 0.09%, to settle at 76,765.92 after a range-bound session.

Oil prices rebounded more than 3% on Wednesday, 29 July, recovering part of the steep losses recorded in the pr...