Indian equity benchmarks BSE Sensex and NSE Nifty50 likely to make a muted start on Thursday amid mixed moves across global markets, as investors globally remained cautious on steep hikes in COVID-era interest rates and their impact on economic growth. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — moved within a 43-point range around the flatline, suggesting indecisiveness ahead on Dalal Street.