New Delhi, Oct. 6 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Monday, despite upbeat global market cues.

The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 24,962 level, a discount of nearly 44 points from the Nifty futures' previous close.

On Friday, the domestic equity market ended higher, with the benchmark Nifty 50 closing near 24,900 level.

The Sensex gained 223.86 points, or 0.28%, to close at 81,207.17, while the Nifty 50 settled 57.95 points, or 0.23%, higher at 24,894.25.

Here's what to expect from Sensex, Nifty 50, and Bank Nifty today:

Sensex formed a promising reversal pattern on daily charts. For the week...