New Delhi, Sept. 1 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open in red on Tuesday, 1 September.

Asian markets largely traded lower on Tuesday, while US stock futures remained subdued on Monday. Despite the muted sentiment, US equities still closed August with monthly gains.

On Monday, Indian equity markets closed lower amid selling pressure in utility, IT and FMCG stocks. The 30-share BSE Sensex declined 307.24 points, or 0.40%, to settle at 76,957.27. During the session, the index fell as much as 513.19 points, or 0.66%, to touch 76,751.32. The broader NSE Nifty also ended in the red, falling 95.25 points, or 0.39%, to close at 24,080.40.

"Indian equities are likely to maintain a cautious bias ...