New Delhi, Feb. 24 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Monday tracking weak global market cues.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,680 level, a discount of nearly 142 points from the Nifty futures' previous close.

On Friday, the domestic equity market ended lower for the fourth consecutive session, with the benchmark Nifty 50 slipping below 22,800 level.

The Sensex fell 424.90 points, or 0.56%, to close at 75,311.06, while the Nifty 50 settled 117.25 points, or 0.51%, lower at 22,795.90.

Nifty 50 formed a falling wedge pattern on the daily chart, indicating potential support and a possibl...