The Indian stock market is expected to open higher amid mixed global cues. The Sensex and Nifty paused their rally but foreign investors have shifted to net buyers. Analysts recommend a 'buy-on-dips' strategy with key support and resistance levels.

Indian equity markets ended the session on a strong note, with the Nifty closing at a three-week high, buoyed by gains in HDFC Bank and Adani Group stocks. The Sensex rose 230 points to close at 80,234,

The two key equity benchmark indices, Sensex and Nifty, on Tuesday ended their two-day winning run, closing the session in the negative zone. The BSE Sensex dropped 106 points to settle at 80,004. On the other hand,

The Nifty 50 ended the session with a modest drop of 0.11%, closing at 24,194 points, while the Sensex also posted a slight loss of 0.13%, settling at 80,004 points.

Nifty 50 ended the previous trade session 2,055.45 points away from its record high of 26,277.35. Overnight, Wall Street indices ended higher, with Dow Jones, S&P 500, Russell 2000 hitting fresh highs.

ONGC, BEL, BPCL, and Shriram Finance were among the top gainers on the Nifty index. JSW Steel, Tech Mahindra, Infosys, Maruti, Bajaj Auto were among the top losers.