Reuters Market Eye - The Nifty falls 0.7 percent as profit-taking continues to weigh on Monday after the broader index hit a record high on Friday.
Recent outperformers fall: Housing Development Finance Corp down 1.3 percent, Kotak Mahindra Bank Ltd down 1.7 percent.
Tata Motors down 1.3 percent after slumping 5 percent on Friday over price cuts in China by unit Jaguar Land Rover.
Cairn India is up 2 percent after falling 10.7 percent in previous two sessions on loan to parent group company.
Larsen & Toubro is down 0.5 percent ahead of results.
(Reporting by Abhishek Vishnoi)