India's stock benchmarks set to open flat after 7-session losing run

Both the Nifty and the BSE Sensex have lost about 3.1% in the last seven sessions, their longest losing streak in nearly seven months. "Persistent foreign fund outflows and caution ahead of the monetary policy committee (MPC) meeting continue to weigh on sentiment," said Ajit Mishra, senior vice president of research at Religare Broking. Focus is now on the Reserve Bank of India's monetary policy decision, due on Wednesday, with nearly three-quarters of economists in a Reuters poll expecting rates to remain unchanged.