New Delhi, June 29 -- The Indian stock market traded with heightened volatility on Monday, erasing early gains as profit booking at higher levels weighed on sentiment amid mixed global cues.

The benchmark BSE Sensex was down nearly 0.5%, while the NSE Nifty 50 slipped below the 24,000 mark. Although the Nifty has gained nearly 2% over the past month, it remains around 8% lower on a year-to-date (YTD) basis.

Globally, investor sentiment has improved as geopolitical tensions in the Middle East continue to ease, supported by ongoing US-Iran peace talks. The sharp correction in crude oil prices - from nearly $120 per barrel to around $70 per barrel, levels seen before the conflict escalated - has further boosted optimism.

Crude oil supply ...