Indian stock market, Sept. 18 -- The equity market benchmark indices, Sensex and Nifty 50, are expected to extend rally and open higher on Thursday, following mixed global market cues, after the US Federal Reserve decided to cut interest rates by 25 basis points (bps) as anticipated.

Asian markets traded mostly higher, while the US stock market ended mixed overnight after the Fed policy and Chair Jerome Powell cited worries over a slowing US labour market and rising inflation.

On Wednesday, the Indian stock market ended with decent gains as sentiment improved amid India and the US resumed trade talks.

The Sensex rallied 313.02 points, or 0.38%, to close at 82,693.71, while the Nifty 50 settled 91.15 points, or 0.36%, higher at 25,330.2...