New Delhi, April 23 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Wednesday tracking a rally in global markets.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,375 level, a premium of nearly 206 points from the Nifty futures' previous close.

Global markets surged, with the US stock market witnessing a sharp rebound overnight on comments from President Donald Trump that he was not willing to fire Fed Chair Jerome Powell, and optimism over easing US-China trade war.

On Tuesday, the domestic equity indices extended the rally for the sixth consecutive session, with the Nifty 50 closing above 24,100 level.

The Sens...