Indian benchmark indices BSE Sensex and NSE's Nifty 50 are set for a strong start on Monday following gains in global markets after the US and Mexico agreed to end their trade dispute. Moreover, week US jobs data on Friday raised prospects of an interest rate cut by the US Federal Reserve.

Meanwhile, the Reserve Bank on Friday issued its much-awaited revised circular for resolving stressed assets, offering lenders a 30-day period to label an account an NPA, among other provisions.

Investors in India will await key inflation and manufacturing data due to be released this week.

At 7.05 AM, the SGX Nifty futures traded 53 points, or 0.45 percent, higher at 11,950, indicating a positive start for the Sensex and the Nifty 50.

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