New Delhi, April 9 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Wednesday, influenced by negative global cues.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 22,442.50 level, a discount of 187.85 points from the Nifty futures' previous close.

The Reserve Bank of India (RBI) will announce its monetary policy today. The RBI Governor Sanjay Malhotra-led Monetary Policy Committee (MPC) is expected to cut repo rate amid cooling inflation and slowing economic growth.

On Tuesday, the domestic equity market witnessed a sharp relief rally, with the benchmark Nifty 50 closing above 22,500 level.

The Sensex surged 1,089.18...