The Indian stock market benchmarks Sensex and Nifty traded lower on Monday amid mixed global cues. With global markets hitting record highs, analysts remain cautious about stretched valuations. The expiration of monthly derivatives contracts on Thursday may increase volatility in individual stocks. At 10:03 a.m., the BSE Sensex fell 274.20 points to 72,868.60, while the NSE Nifty lost 81.90 points to 22,130.80. All sectoral indices were in the red, with Nifty IT dropping 1.16% to 37,604.50 and Nifty Realty declining 1.03% to 909.25. Analysts advise closely watching global indices, especially the US, for directional cues. Nifty has been consolidating for over a month with the potential for a breakout or breakdown. Key economic data like GDP figures, US jobless claims, India’s Q3 GDP, and monthly auto sales will be closely scrutinized. Despite rising US bond yields, FPI equity outflows have slowed, signaling a shift in market dynamics.