Indian stock market, April 23 -- The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open higher on Wednesday following a rally in global markets.

Asian markets traded higher while the US stock market rallied overnight, after comments from President Donald Trump on Fed Chair Jerome Powell and optimism over de-escalation of the US-China trade war.

On Tuesday, the Indian stock market ended higher, extending the rally for the sixth consecutive session, with the Nifty 50 closing above 24,100 level.

The Sensex gained 187.09 points, or 0.24%, to close at 79,595.59, while the Nifty 50 settled 41.70 points, or 0.17%, higher at 24,167.25.

"While strong domestic fundamentals continue to provide support, underperformance ...