Stock market today, Oct. 15 -- The domestic benchmark indices, Nifty 50 and Sensex, opened slightly higher on Wednesday, following gains in Asian markets amid increasing expectations for a US Federal Reserve interest rate cut later this month.

The Nifty 50 increased by 0.14% to reach 25,181.95, while the BSE Sensex climbed 0.2% to hit 82,197.25 as of 9:15 IST. On Tuesday, Fed Chair Jerome Powell mentioned that the US labor market continued to show weakness, although the economy seemed to be on a stronger path, and he indicated that the inflation outlook had not changed since September, when the central bank reduced rates by 25 basis points.

Reduced interest rates in the US make emerging markets such as India more appealing to foreign in...