New Delhi, June 4 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Wednesday, tracking upbeat global market cues.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,720 level, a premium of nearly 45 points from the Nifty futures' previous close.

On Tuesday, the domestic equity market ended sharply lower, with the benchmark Nifty 50 closing below 24,600 level.

The Sensex declined 636.24 points, or 0.78%, to close at 80,737.51, while the Nifty 50 settled 174.10 points, or 0.70%, lower at 24,542.50.

Here's what to expect from Sensex, Nifty 50 and Bank Nifty today:

Sensex slipped below the 20-day SMA (Simple Moving Ave...