New Delhi, Aug. 6 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to see a tepid opening on Wednesday, tracking weak cues from global markets.

The trends on Gift Nifty also indicate a muted start for the Indian benchmark index. The Gift Nifty was trading around 24,688 level, a discount of nearly 20 points from the Nifty futures' previous close.

Investors will focus on the Reserve Bank of India's (RBI) monetary policy decision later today. In the August RBI policy, Governor Sanjay Malhotra-led MPC is widely expected to hold repo rates unchanged.

On Tuesday, the domestic equity market ended lower, with the benchmark Nifty 50 closing below 24,700 level.

The Sensex dropped 308.47 points, or 0.38%, to close at...