New Delhi, Feb. 7 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on cautious note on Friday amid mixed global cues and ahead of the Reserve Bank of India's (RBI) monetary policy decision.

The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,715 level, a premium of nearly 25 points from the Nifty futures' previous close.

Traders will focus on the Reserve Bank of India's (RBI) monetary policy decision later today. Economists widely expect the RBI's Monetary Policy Committee (MPC) to announce a repo rate cut of 25 basis points (bps) to 6.25%.

On Thursday, the domestic equity market indices ended lower, with the Nifty 50 holding...