| Investors liquidated positions ahead of mega initial public offers from DLF and ICICI Bank that will hit the market soon, dealers said. |
| "There was profit-booking by operators as initial public offers of DLF will hit the market soon," a dealer said. |
| The market opened 1% up, with National Stock Exchange's 50-share Nifty touching a record high, as robust economic data in the US released on Friday lifted the outlook on the world's top export market. |
| However, shares succumbed to profit sales mid-way through the session. |
| Bombay Stock Exchange's 30-share Sensex ended at 14495.77, down 74.98 points, or 0.5 per cent from Friday. Intraday it moved between 14465.68 and 14683.36. |
| National Stock Exchange's 50-share Nifty ended at 4267.05, down 30.00 points, or 0.7 per cent. Intraday, it touched a lifetime high of 4362.95. |
| Turnover on BSE and NSE combined was roughly Rs 126 billion, compared with Rs 152 billion on Friday. |
| CNX Midcap Index ended down 0.2 per cent, while S&P CNX 500 Index shed 0.5 per cent. |
| Shares of automobile companies fell on disappointing sales numbers for May. Tata Motors shed 5 per cent at Rs 711, on a 4 per cent year-on-year decline in January-March net profit. |
| Bajaj Auto fell 1 per cent at Rs 2,218 after its sales declined 13 per cent from the year-ago period. |
| IT shares weakened because of a strong rupee. |
| Appreciation of the rupee against the dollar reduces the revenue of IT companies that derive 60 per cent of their revenue from overseas. |
| Satyam Computer Services ended down 3 per cent at Rs 466, while Infosys Technologies shed 1 per cent at Rs 1,916. |
| GAIL India, down 5 per cent at Rs 300, was the worst-hit among Nifty stocks. |
| Bharat Heavy Electricals was down 3 per cent at Rs 1,374. The record date for its 1:1 bonus share issue was Friday. |
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