India's stock benchmarks are expected to open slightly higher on Wednesday, following a cautious recovery from last week's Iran war-driven slump. Oil prices have paused but remain above $100 a barrel. Analysts predict that the market will remain rangebound until there is greater clarity on the Middle East conflict's implications for oil prices, inflation, and corporate earnings. The U.S. Federal Reserve is expected to maintain its current policy, pushing rate cuts further out to the future. Reliance Industries (RELI.NS) is expected in focus after a report suggests the company may file a draft red herring prospectus for its IPO.