<p class="title">Retreating from its record peak, market benchmark Sensex closed 416 points lower on Monday, tracking an intense sell-off in index heavyweights Reliance Industries, Kotak Bank, HDFC Bank and TCS following their quarterly results.</p>.<p class="bodytext">After hitting a record intra-day high of 42,273.87, the 30-share BSE Sensex gave up all gains to settle 416.46 points, or 0.99 per cent, lower at 41,528.91.</p>.<p class="bodytext">Likewise, the broader NSE Nifty sank 127.80 points, or 1.03 per cent, to 12,224.55. It hit a record intra-day high of 12,430.50 in early sessions.</p>.<p class="bodytext">Kotak Mahindra Bank was the biggest laggard in the Sensex pack, dropping 4.70 per cent, after the lender reported a rise in non-performing assets in Q3.</p>.<p class="bodytext">Reliance Industries, HDFC Bank and TCS fell up to 3.08 per cent after the companies reported their quarterly earnings over the weekend.</p>.<p class="bodytext">On the other hand, PowerGrid was the top gainer, rising 3.75 per cent, followed by Bharti Airtel, ITC, Asian Paints, ICICI Bank and L&T.</p>.<p class="bodytext">According to traders, besides stock-specific action, domestic investors were also seen booking profits at record peaks.</p>.<p class="bodytext">Bourses in Shanghai, Tokyo and Seoul ended higher, while Hong Kong closed in the red.</p>.<p class="bodytext">European markets were trading on a negative note in their early sessions.</p>.<p class="bodytext">Brent crude oil futures rose 0.66 per cent to USD 65.28 per barrel on supply concerns after exports from Libya were blocked after a pipeline was shut down by armed forces and a strike at a key oil field in Iraq hit output.</p>.<p class="bodytext">The rupee depreciated 5 paise to 71.13 per US dollar (intra-day).</p>
<p class="title">Retreating from its record peak, market benchmark Sensex closed 416 points lower on Monday, tracking an intense sell-off in index heavyweights Reliance Industries, Kotak Bank, HDFC Bank and TCS following their quarterly results.</p>.<p class="bodytext">After hitting a record intra-day high of 42,273.87, the 30-share BSE Sensex gave up all gains to settle 416.46 points, or 0.99 per cent, lower at 41,528.91.</p>.<p class="bodytext">Likewise, the broader NSE Nifty sank 127.80 points, or 1.03 per cent, to 12,224.55. It hit a record intra-day high of 12,430.50 in early sessions.</p>.<p class="bodytext">Kotak Mahindra Bank was the biggest laggard in the Sensex pack, dropping 4.70 per cent, after the lender reported a rise in non-performing assets in Q3.</p>.<p class="bodytext">Reliance Industries, HDFC Bank and TCS fell up to 3.08 per cent after the companies reported their quarterly earnings over the weekend.</p>.<p class="bodytext">On the other hand, PowerGrid was the top gainer, rising 3.75 per cent, followed by Bharti Airtel, ITC, Asian Paints, ICICI Bank and L&T.</p>.<p class="bodytext">According to traders, besides stock-specific action, domestic investors were also seen booking profits at record peaks.</p>.<p class="bodytext">Bourses in Shanghai, Tokyo and Seoul ended higher, while Hong Kong closed in the red.</p>.<p class="bodytext">European markets were trading on a negative note in their early sessions.</p>.<p class="bodytext">Brent crude oil futures rose 0.66 per cent to USD 65.28 per barrel on supply concerns after exports from Libya were blocked after a pipeline was shut down by armed forces and a strike at a key oil field in Iraq hit output.</p>.<p class="bodytext">The rupee depreciated 5 paise to 71.13 per US dollar (intra-day).</p>