Indian stock market, July 16 -- The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Wednesday, following weak global market cues.

Asian markets traded lower, while the US stock market ended mixed overnight, with the Nasdaq posting its record close.

On Tuesday, the Indian stock market indices ended with decent gains, snapping their four-day losing streak.

The Sensex rose 317.45 points, or 0.39%, to close at 82,570.91, while the Nifty 50 settled 113.50 points, or 0.45%, higher at 25,195.80.

"All eyes are on the India-US trade deal as a dedicated team from India's Commerce Ministry has reached Washington for negotiations. Overall, we expect the market to continue its consolidation in the near term; w...