Indian stock market, Sept. 16 -- The equity market benchmark indices, Sensex and Nifty 50, are expected to open on a muted note Tuesday, following mixed global market cues.

Asian markets traded mixed, while the US stock market ended higher overnight, as investors await the Federal Reserve's crucial policy meeting this week.

The Federal Open Market Committee (FOMC) is widely expected to cut interest rates by 25 basis points in its meeting on September 16 and 17. Traders on Monday are pricing in a 96% chance of a 25-basis-point cut.

On Monday, the Indian stock market indices ended lower amid cautiousness ahead of the US Federal Reserve policy this week.

The Sensex declined 118.96 points, or 0.15%, to close at 81,785.74, while the Nifty ...