India's BSE Sensex closed about 0.4% down at 84,901 on Monday, after trading largely flat for most of the session, marking the second consecutive day of losses. Traders grew cautious in the final minutes of trading as the market awaited clarity on a potential India-US trade deal. Meanwhile, sentiment was tempered by renewed hopes for a December Fed rate cut and a favorable domestic outlook. All eyes will be on the release of September-quarter GDP data later this week, with economists and rating agencies predicting solid performance. Widespread losses in major sectors were partly offset by selective buying in IT stocks. Bharat Electronics (-3.1%), Mahindra & Mahindra (-1.9%), Tata Steel (-1.4%), Tata Motors Passenger Vehicles (-1.4%), UltraTech Cement (-1.2%) and Bajaj Finserv (-1.1%) and were the major laggards. Tech Mahindra and Infosys were among the few gainers, rising 2.4% and 0.2%, respectively.