India, Oct. 5 -- Equity bench mark indices Sensex and Nifty opened higher on Monday after logging their longest weekly losing streak in 25 years. The indices were aided by easing concerns over aggressive US monetary tightening and a pullback in oil prices.

GIFT Nifty futures were trading at 22,639 points as of 7:57 am, signalling a positive start for the benchmark Nifty 50 index, which closed at 22,421.95 on Thursday, according to figures cited in a Reuters report. Markets were closed on Friday for a public holiday.

Both the Nifty 50 and the Sensex posted their eighth straight weekly decline last week, weighed down by record foreign selling, elevated crude oil prices and a sharp rise in global bond yields that dampened risk appetite.

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