New Delhi, July 1 -- The Indian stock market is expected to open on a muted note on Wednesday, taking mixed cues from global markets after Wall Street extended its rally overnight.

Asian equities traded mixed in early trade, while US markets closed higher, reflecting continued optimism despite lingering geopolitical and macroeconomic uncertainties.

On Tuesday, domestic benchmarks ended lower amid selling pressure, with the Nifty 50 slipping below the 23,900 mark. The BSE Sensex fell 249.70 points, or 0.33%, to close at 76,478.67, while the Nifty 50 declined 80.50 points, or 0.34%, to settle at 23,865.75.

Oil prices traded modestly higher in early trade on Wednesday after reports that Iran is unlikely to hold talks with US envoys, rekin...