Stock market today, Oct. 29 -- The domestic benchmark indices, Nifty 50 and Sensex, began the day on a positive note on Wednesday, following the upward trend seen in their Asian counterparts, in anticipation of the US Federal Reserve's policy announcement later today.

As of 9:15 IST, the Nifty 50 increased by 0.18% to 25,982, while the BSE Sensex climbed 0.04% to 84,663.68. Most Asian markets experienced gains, with MSCI's broadest index for Asia Pacific stocks outside Japan rising by 0.5% amid renewed optimism regarding artificial intelligence.

Attention is also directed towards the Fed's rate announcement. According to CME's Fed Watch Tool, the markets are anticipating a 99.9% likelihood of a 25-basis-point rate reduction.

Typically,...