Mumbai, Aug. 3 -- Indian equity markets are likely to open on a cautious-to-positive note on Monday, supported by easing geopolitical tensions in the Middle East and a sharp decline in crude oil prices, while GIFT Nifty indicated a mildly positive start around the 24,565 level, as per analysts.

Brent crude futures tumbled over 6 per cent to USD 82.41 after US President Donald Trump said talks with Iran will happen on Monday. Trump said late Saturday on his Truth Social platform that Iran and other Middle Eastern countries had sought time to finalize a deal that would result in the "Immediate, Complete and Total" reopening of the Strait and address "Iran's nuclear threat," while insisting that Tehran must "rapidly make a DEAL."

At the ti...