Indian equities closed lower on Monday amid stock-specific pressure and cautious global cues. Sensex fell 324 points to 83,246, while Nifty settled at 25,586. Reliance, ICICI Bank and HDFC Bank dragged markets after Q3 results. Realty, oil and gas, and media stocks declined, while FMCG and auto offered limited support. Midcaps and smallcaps also ended weaker.