The Indian equity benchmarks are set to open lower as indicated by the Nifty Futures traded on Singapore Exchange. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures fell 0.38 per cent or 69 points to 17,909 amid positive global cues. Asian share markets broke a five-day slide to edge higher on Thursday, shrugging off drops in Europe and on Wall Street overnight as China underscored its diverging monetary and economic picture by cutting benchmark mortgage rates, news agency Reuters reported.