New Delhi, June 19 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to extend losses and open lower on Thursday after the announcement of the US Federal Reserve policy, and cautiousness amid the ongoing Israel-Iran war.

The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 24,740 level, a discount of nearly 87 points from the Nifty futures' previous close.

The US Federal Reserve decided to keep the benchmark interest rates steady at 4.25% to 4.5%, while the Federal Open Market Committee (FOMC) officials expect to cut the interest rates by a total of 50 basis points (bps), or 0.50%, in 2025.

On Wednesday, the domestic equity market extended fall...