Indian shares closed lower on Monday despite positive global cues. The BSE Sensex fell 0.39% due to selling by foreign institutional investors and a weakening rupee. The RBI intervened as the rupee neared the 90 mark. Foreign investors net sold equities worth Rs 1,766 crore. Nifty index dropped 0.42%, with mid-cap and small-cap indexes also down. Market breadth was weak, with more shares falling than rising. Global cues were positive, with hopes for a Fed rate cut and progress on a Ukraine peace plan. Gold prices steadied, while oil extended losses. Dollar near six-month highs as investors await U.S. economic data. Fed rate cut odds for December at 70%.

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