New Delhi, Oct. 30 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Thursday, tracking weak global market cues after the announcement of US Federal Reserve policy and Chair Jerome Powell's speech.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 26,163 level, a discount of nearly 75 points from the Nifty futures' previous close.

The US Federal Reserve cut the interest rate by 25 bps, but Fed Chair Jerome Powell downplayed the likelihood of a future interest-rate cut in December monetary policy. The market odds of the Fed delivering another quarter-point cut in December have eased to around 68%.

On Wednesday, the Indian...