Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to make a gap-up start on Monday amid gains across global markets, though caution persisted ahead of a widely expected rate hike in Europe. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — gained as much as 183.5 points or 1.1 percent to 16,223.5 ahead of the opening bell on Dalal Street.

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Investors awaited more of corporate earnings from India Inc for cues, after HDFC Bank's quarterly net profit fell short of Street estimates.

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