New Delhi, Oct. 1 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a tepid note Wednesday ahead of the RBI policy announcement and mixed 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 24,775 level, a discount of nearly 3 points from the Nifty futures' previous close.

The Reserve Bank of India (RBI) is set to announce its monetary policy later today. The Monetary Policy Committee (MPC) of the RBI is expected to keep the repo rate unchanged and maintain the policy stance.

On Tuesday, the equity market ended lower for the eighth consecutive session, with the benchmark Nifty 50 closing tad above 24,600 l...