New Delhi, Dec. 16 -- Indian equity benchmarks closed a volatile session on Monday with marginal losses, mirroring the caution in broader global markets. Nifty 50 closed 33.35 points lower at 26,013.60, while Sensex shed 54.38 points to settle at 85,213.28.

Sentiment was weighed down by persistent foreign institutional investor (FII) outflows and lingering global concerns over the U.S.-India trade deal, which analysts view as a near-term drag.

Market breadth was subdued, with the advance-decline ratio favoring declines, suggesting profit-booking across the broader market. Nifty Media was a strong outperformer, while Auto and select Financial services stocks faced selling pressure.

The Indian market ended marginally lower on December 15...