Sensex, Nifty likely to open lower; IDBI Bank, Reliance Industries, Yes Bank in focus

Indian shares are likely to open lower on Monday, tracking negative cues from Asian after China's central bank cut banks’ reserve requirements in a bid to support growth.

Investors' sentiment are likely to remain muted amid continued weakness in rupee coupled with hawkish comments from US Federal Reserve officials that bolstered the case of further US rate hikes.

The rupee hit 74 against the US dollar on Friday after the Reserve Bank of India kept the key policy rates unchanged in the October bi-monthly monetary policy meet.