Indian stock market, March 20 -- The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open higher on Thursday, following a rally in global markets after the US Federal Reserve's monetary policy outcome.

Asian markets traded higher, while the US stock market rallied overnight after the Fed policy.

The US Fed Chair Jerome Powell-led Federal Open Market Committee (FOMC) kept the benchmark federal funds rate unchanged, and signalled 50 basis points (bps) of rate cut later this year.

On Wednesday, the Indian stock market ended higher for the third consecutive session, with the benchmark Nifty 50 closing above 22,900 level.

The Sensex gained 147.79 points, or 0.20%, to close at 75,449.05, while the Nifty 50 settled 73...