Indian stock market, Sept. 17 -- The domestic equity market indices, Sensex and Nifty 50, are expected to open higher on Wednesday, despite cautiousness in the global markets ahead of the US Federal Reserve policy decision.

Asian markets traded lower, while the US markets also ended in the red overnight ahead of the expected Fed rate cut.

On Tuesday, the Indian stock market ended with strong gains on optimism over a potential India-US trade deal and expectations of a 25-bps rate cut by the US Federal Reserve.

The Sensex rallied 594.95 points, or 0.73%, to close at 82,380.69, while the Nifty 50 settled 169.90 points, or 0.68%, higher at 25,239.10.

"We now look for a move toward 25,500 and recommend continuing with a 'buy on dips' strat...