March 25 (Reuters) - India's benchmark indexes are set to extend their winning streak to the seventh session on Tuesday after U.S. President Donald Trump said that he may give "a lot of countries" breaks on reciprocal tariffs.

The GIFT Nifty futures GIFc1 were trading at 23,774, as of 8:14 a.m. IST, indicating that the blue-chip Nifty 50 index .NSEI will open above Monday's close of 23,658.35.

U.S. President Donald Trump announced on Monday that auto tariffs are imminent but not all of the threatened levies would be imposed on April 2, and some countries may get breaks.

U.S. stocks advanced overnight. Asian shares were mixed, with the MSCI Asia ex Japan .MIAPJ0000PUS was flat.

The Nifty has risen 5.6% in the past six sessions and erased its year-to-date losses, thanks to foreign capital inflows and hopes of a recovery in domestic economic momentum that has encouraged investors to buy beaten-down stocks.

On Monday, foreign portfolio investors bought Indian shares worth 30.56 billion rupees ($357 million), as per provisional data, marking their third consecutive session of buying.

Indian benchmarks are still down 10% from record highs of late-September as tariff concerns, slowing earnings growth momentum and persistent foreign selling triggered a $1 trillion rout in the market.

STOCKS TO WATCH

** State-run banks .NIFTYPSU, HDFC Bank HDBK.NS, housing finance companies and power financiers such as IREDA INAR.NS, Power Finance Corp PWFC.NS and REC RECM.NS will be in focus after the central bank issued revised guidelines on priority sector lending, broadening the criteria for renewable energy and enhancing loan limits for housing.

** Reliance Industries RELI.NS will be in focus after Trump announced 25% tariff on nations buying Venezuelan oil, effective April 2. Reuters reported Reliance received approval from the U.S. to resume importing oil from Venezuela on July 2024.

** Ambuja Cements ABUJ.NS, Dalmia Bharat DALB.NS and Ultratech Cement ULTC.NS will be in focus after UBS upgraded the three stocks to "buy", citing likely demand bounce back in fiscal year 2026

** HCLTech HCLT.NS: forms strategic partnership with financial services firm Western Union WU.N to transition to an artificial intelligence-led platform operating model

(Reporting by Vivek Kumar M and Bharath Rajeswaran; Editing by Mrigank Dhaniwala)

((VivekKumar.M@thomsonreuters.com;))