Shares fell 1.61 per cent on Monday as profit-taking snapped seven consecutive days of gains. The benchmark 30-share Sensex fell 255.7 points, ending the day at 15,666.64.
Earlier, snapping a seven-session winning streak, the Bombay Stock Exchange benchmark Sensex fell over 225 points in opening trade on emergence of profit booking by funds and retail investors amid weak Asian markets.
The BSE-30 share benchmark Sensex, which had gained nearly 1,112.73 points, or 7.5 per cent in the past seven sessions, fell by 225.68 points at 15,696.66 points in opening trade with most of the sectoral indices falling up to 1.65 per cent.
Similarly, the Nifty index on the wide-based National Stock Exchange fell by 70.35 points, or 1.48 per cent to 4,662.00 points.
Brokers said emergence of profit booking by funds as well as retail investors after recording handsome gains in the past seven sessions, mainly led to the decline.
Besides, weak trend on the other Asian bourses which were down up to 5.37 per cent in the morning trade also dampened the trading sentiments on the domestic bourses.
Stocks of non-ferrous metal producer, Sterlite Industries were under pressure and fell by 1.5 per cent at Rs 684.50 as copper prices in Shanghai fell by over 2 per cent.