Indian stock market, Jan. 29 -- The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open higher on Wednesday following a rally in global equities.

Asian markets gained, while the US stock market ended higher overnight amid a rebound rally led by technology stocks.

The US Federal Reserve will announce its first monetary policy for 2025 on Wednesday. The meeting of the Federal Open Market Committee (FOMC) commenced Tuesday. The US Fed is widely expected to keep the interest rates unchanged in its first interest-rate decision of the year.

On Tuesday, the domestic equity market witnessed a recovery rally after a two-day losing run, with the benchmark indices closing with decent gains.

The Sensex rallied 535....