Indian stock market, April 30 -- The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open on a cautious note on Wednesday amid mixed global market cues.

Asian markets traded mixed, while the US stock market ended higher overnight, with the S&P 500 notching its sixth straight session of gains.

On Tuesday, the Indian stock market indices ended choppy session on a flat note with a positive bias.

The Sensex gained 70.01 points, or 0.09%, to close at 80,288.38, while the Nifty 50 settled 7.45 points, or 0.03%, higher at 24,335.95.

"Beyond the strong performance from banking and financials, we are now witnessing rotational buying in heavyweight stocks from other sectors such as IT, energy, and auto. This trend...