New Delhi, Jan. 27 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Monday, tracking weakness in global markets.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,932 level, a discount of nearly 180 points from the Nifty futures' previous close.

On Friday, the domestic equity market indices ended lower amid profit booking, with the benchmark Nifty 50 slipping below 23,100 level.

The Sensex declined 329.92 points, or 0.43%, to close at 76,190.46, while the Nifty 50 settled 113.15 points, or 0.49%, lower at 23,092.20.

Nifty 50 formed a small negative candle on the daily chart with a long upper shadow.

"Technically th...