Indian stock market, Aug. 13 -- The equity benchmark indices, Sensex and Nifty 50, are expected to open higher on Wednesday, following upbeat global market cues.

Asian markets traded higher, while the US stock market rallied overnight, with the S&P 500 and the Nasdaq hitting record highs.

On Tuesday, the Indian stock market ended lower, resuming its downward trajectory, weighed down by losses in heavyweights.

The Sensex dropped 368.49 points, or 0.46%, to close at 80,235.59, while the Nifty 50 settled 97.65 points, or 0.40%, lower at 24,487.40.

"We expect markets to remain in consolidation mode, supported by domestic buying interest, while tracking global cues from US tariff developments and the outcome of the US-Russia talks later th...