The Indian market traded lower on Monday, tracking weak global cues, ahead of macro-economic data on Tuesday. Investor sentiment remained cautious amid slowdown concerns and the ongoing US-China trade talks.

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At 9.45 am, the Sensex was trading more than 123 points lower, at 36,423. The broader 50-share Nifty was trading at 10,897, falling by 47 points, or 0.43 percent. Further, the BSE Sensex extended losses, falling over 217 points, or 0.60 percent, to trade at 36,329 at around 10.10 am. The Nifty traded at 10,860, down by 84 points, or 0.77 percent.

The Nifty MidCap index was down by almost 91 points, or 0.55 percent, at 16,506.30. The Nifty Bank slipped by 0.29 percent.

Among shares, Tata Steel surged 2 percent on optimist commentary for the fourth quarter. Cipla, Zee Entertainment, NTPC and Tech Mahindra rose between half a percent and one percent.

Indiabulls Housing Finance fell more than 5 percent. M&M, Hero MotoCorp and Tata Motors fell between 2 and 3 percent.

Shares of Dr. Reddy's Laboratories fell 4 percent as the US Food and Drug Administration has issued 11 observations on the company's formulations manufacturing plant-3 at Bachupally in Hyderabad.

Meanwhile, the Indian rupee opened higher at 71.23 against the US dollar

on Monday. The home currency had closed at 71.30 against the greenback on Friday.

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