Indian stock market, July 31 -- The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Thursday after the US President Donald Trump announced 25% tariffs on Indian goods, effective August 1.

Asian markets traded mixed, while the US stock market ended mostly lower after the US Federal Reserve policy and Chair Jerome Powell's statement.

Market expectations for a Fed rate cut in September fell below 50% in the wake of Powell's comments, according to the LSEG data.

On Wednesday, the Indian stock market extended gains for the second consecutive session, with the Nifty 50 closing above 24,800 level.

The Sensex rose 143.91 points, or 0.18%, to close at 81,481.86, while the Nifty 50 settled 33.95 points, or ...