Indian stock market, May 6 -- The domestic equity market indices, Sensex and Nifty 50, are expected to open on a cautious note amid mixed global market cues.

Asian markets traded flat, while the US stock market ended lower overnight, with the S&P 500 snapping its longest winning streak in 20 years.

Investors will closely eye the US Federal Reserve's monetary policy announcement on Wednesday, in which the central bank is largely expected to keep interest rates unchanged. Markets are pricing in about 75 basis points of rate cuts by the Fed for 2025, with the first easing of at least 25 basis points likely at the central bank's July meeting, according to LSEG data.

On Monday, the Indian stock market ended higher, with the benchmark Nifty ...