Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open lower on Monday amid largely negative moves across global markets, as concerns persisted about steep hikes in COVID-era interest rates and their impact on economic growth.

Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — declined as much as 69.5 points or 0.4 percent to 16,158 ahead of the opening on Dalal Street. Investors awaited more of financial results after Tata Consultancy Services (TCS) kicked off the earnings season last week.

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