Mumbai, Oct. 28 -- The headline equity benchmarks ended slightly lower on Monday, weighed down by profit booking and weak global cues. Investor sentiment remained cautious amid mixed FII trends, updates on US-China trade relations, and a packed corporate earnings calendar. The Nifty closed below the 25,950 mark, dragged by declines in IT and consumer durables stocks. However, metal shares advanced on renewed optimism following China's steel output curbs and progress in US-China trade talks. PSU banks outperformed on reports that India may raise the FDI cap in the sector.

The S&P BSE Sensex declined 150.68 points or 0.18% to 84,628.16. The Nifty 50 index lost 29.85 points or 0.11% to 25,936.20.

Bajaj Finserv (down 1.32%), ICICI Bank (dow...