Indian stock market, May 14 -- The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open higher on Wednesday, amid mixed global market cues.

Asian markets traded mostly higher, while the US stock market ended mixed after the inflation data.

Traders leaned in to bets that the US Federal Reserve would hold off on lowering interest rates until September, while still anticipating two 25-basis-point cuts by year-end, Reuters reported.

On Tuesday, the Indian stock market ended with sharp losses as investors resorted to profit booking after a day of nearly 4% rally on indices.

The Sensex crashed 1,281.68 points, or 1.55%, to close at 81,148.22, while the Nifty 50 settled 346.35 points, or 1.39%, lower at 24,578....