The Nifty lost 136 points to close at 5,215.

In the process, the index today broke its 8-week winning streak with a loss of 4.7% (859 points). The index had gained a whopping 30.2% (4,228 points) in the previous eight weeks.

The market breadth was extremely negative today with declining stocks beat advancing shares in the ratio of 4:1 - out of 2,767 stocks traded, 2,185 declined, 549 advanced and 33 were unchanged today.

INDEX SHAKERS...

Reliance Energy [Get Quote] (REL) plunged 16% (Rs 258) to Rs 1,333.

Hindalco [Get Quote] and Maruti [Get Quote] tumbled 6.5% each to Rs 175 and Rs 1,074, respectively.

BHEL slumped 6% to Rs 2,052, and Bharti Airtel [Get Quote] dropped 5% to Rs 968.

Mahindra & Mahindra, ITC and ACC slipped around 4.5% each to Rs 728, Rs 175 and Rs 991, respectively.

Reliance, Larsen & Toubro and Ambuja Cements dropped 4% each to Rs 2,469, Rs 3,023 and Rs 140, respectively.

NTPC shed 3.5% at Rs 201. Grasim [Get Quote], Hindustan Unilever and Cipla declined around 2.5% each to Rs 3,501, Rs 205 and Rs 178, respectively.

HDFC [Get Quote] dropped 2% to Rs 2,398. HDFC Bank and ICICI Bank [Get Quote] were down 1.5% each to Rs 1,357 and Rs 1,024, respectively.

...AND THE MOVERS

Bajaj Auto [Get Quote], Reliance Communications [Get Quote] and Tata Steel [Get Quote] moved up around 2% each to Rs 2,512, Rs 727 and Rs 852, respectively.

ONGC [Get Quote] gained 1.4% at Rs 1,108, and Infosys [Get Quote] added 1% to Rs 1,908.

VALUE & VOLUME TOPPERS

United Spirits [Get Quote] topped the value chart with a turnover of Rs 782.30 crore followed by Reliance Energy (Rs 594.25 crore), Reliance (Rs 582.50 crore), HDFC (Rs 543 crore) and Reliance Communications (Rs 520.40 crore).

Debutant Saamya Biotech led the volume chart with trades of around three crore shares followed by Power Grid (2.72 crore), Reliance Natural Resources [Get Quote] (2.63 crore), Reliance Petroleum [Get Quote] (1.64 crore) and Tata Teleservices [Get Quote] (1.59 crore).