Indian stock market, July 2 -- The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open on a cautious note on Wednesday, following mixed global market cues.

Asian markets traded mostly lower, while the US stock market ended mixed, with the Nasdaq and the S&P 500 closing in the red.

On Tuesday, the Indian stock market ended with modest gains, with the benchmark Nifty 50 holding above 25,500 level.

The Sensex rose 90.83 points, or 0.11%, to close at 83,697.29, while the Nifty 50 settled 24.75 points, or 0.10%, higher at 25,541.80.

"We reiterate our 'buy on dips' view, with a strong emphasis on stock selection. However, participants should adopt a cautious stance on the broader market given the overbought c...