Indian stock market, Sept. 9 -- The equity market benchmark indices, Sensex and Nifty 50, are expected to open higher on Tuesday, following a rally in global markets.

Asian markets traded higher, while the US stock market ended with gains overnight, with the Nasdaq posting a record high close, amid increased expectations of a Federal Reserve interest rate cut.

Traders are pricing in an 89.4% chance of a 25 basis point rate cut at the Fed's September meeting and a 10.6% probability of a jumbo 50 basis point rate cut, according to the CME Group's FedWatch tool.

On Monday, the Indian stock market ended with minor gains, coming off the day's high on profit booking amid worries over persisting US tariff-related uncertainties and relentless ...