The Indian equity benchmarks are set to open higher as indicated by Gift Nifty futures traded at Gift City in Gandhinagar. Gift Nifty rose 71 points or 0.28 per cent to 25,255 amid strong cues from other Asian markets.

Gift Nifty at 25,260 signals a gap-up opening of about 100 points for Nifty. However, FPI flows, especially after Chinese stimulus and strong US macro data, will be the key for a recovery in Indian markets, they said. T

Nasdaq ended 1.22 per cent higher in Friday's session S&P 500 also ended 0.9 per cent higher Japan's Nikkei also was gaining and was trading nearly 2 per cent higher Hong Kong's Hang Seng, meanwhile, was up 0.91 per cent.

The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak.

GIFT Nifty was trading up 53 points or 0.21% at 25,238, indicating a higher start for the domestic indices NSE Nifty 50 and BSE Sensex. The Asian markets were trading on a higher note on Monday morning.