New Delhi, Oct. 29 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Wednesday, tracking a rally in global markets, ahead of the US Federal Reserve interest rate decision today.

The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 26,140 level, a premium of nearly 50 points from the Nifty futures' previous close.

On Tuesday, the Indian stock market ended lower, with the benchmark Nifty 50 holding above 25,900 level.

The Sensex declined 150.68 points, or 0.18%, to close at 84,628.16, while the Nifty 50 settled 29.85 points, or 0.11%, lower at 25,936.20.

Here's what to expect from Sensex, Nifty 50 and Bank Nifty toda...