Indian benchmarks closed mixed on Monday amid renewed global risk aversion. The Sensex declined 120 points to 63,850 while the Nifty settled at 18,620, pressured by banking and energy stocks. Foreign institutional investors turned selective as geopolitical uncertainty and higher oil prices weighed on sentiment. Domestic mutual-fund inflows, however, provided downside support. Analysts said volatility may persist until U.S. inflation data and Fed commentary clarify the global interest-rate outlook. Broader mid-cap indices finished flat after outperforming large-caps earlier in the session.