New Delhi, April 7 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open with steep losses on Monday, tracking global markets crash as concerns over US tariffs-induced global recession continued to rip through equities.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,128 level, a discount of nearly 830 points from the Nifty futures' previous close.

Asian markets plummeted today, while the US stock market witnessed a sharp sell-off, with the Nasdaq Composite entering a bear market and the Dow Jones Industrial Average in a correction.

Last week, the US stock market nosedived for a second straight day on Friday as an escalating glo...