New Delhi, Dec. 11 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a strong note on Thursday, December 11 tracking positive global market cues, and after the Federal Reserve cut its benchmark interest rate by 0.25 bps on Wednesday, the third straight reduction, but signaled a possible pause ahead.

The move lowered the key rate to about 3.6%, its lowest in nearly three years. Chair Jerome Powell said that after six cuts in two years, the Fed will now watch how hiring and inflation progress. In their latest projections, officials indicated they expect just one more rate cut next year.

The trends on Gift Nifty also indicate a robust start for the Indian benchmark index. The Gift Nifty was trading ar...