The Sensex opened with a positive gap of 126 points, and soon touched a high of 17,272. Profit-taking at higher levels forced the index pare gains and slip into the negative zone.

The index after gyrating between zones drifted to a low of 16,979 - down 293 points from the day's high - as the day progressed. The Sensex finally ended with a loss of 110 points at 17,016.

The market breadth was marginally negative - out of 2,740 stocks traded, 1,371 declined, 1,297 advanced and 72 were unchanged on Monday.

The NSE Nifty shed 22 points to close at 5,090.

Index Shakers . . .

Cipla plunged over 4% to Rs 215. Tata Steel [Get Quote] dropped over 3% to Rs 778.

ICICI Bank [Get Quote] shed 2.3% at Rs 895. ACC and Maruti [Get Quote] slipped 2% each to Rs 767 and Rs 722, respectively.

Wipro [Get Quote] declined 1.8% to Rs 458, and Hindalco [Get Quote] shed 1.5% at Rs 186.

Infosys [Get Quote], Ambuja Cements and Reliance were down 1.3% each at Rs 1,665, Rs 113 and Rs 2,592, respectively.

. . . And the movers

Reliance Energy [Get Quote] surged 5% to Rs 1,426.

Jaiprakash Associates [Get Quote] rallied over 2% to Rs 251. Reliance Communications [Get Quote] and HDFC Bank [Get Quote] advanced 1.3% each to Rs 585 and Rs 1,518, respectively.

HDFC moved up 1% to Rs 2,720.

Value & Volume Toppers

Reliance Natural Resources [Get Quote] topped the value chart with a turnover of Rs 304.50 crore followed by Reliance Energy (Rs 257.65 crore), Reliance Capital [Get Quote] (Rs 173.75 crore), Reliance (Rs 158.20 crore) and Orchid Chemicals (Rs 140.55 crore).

Reliance Natural Resources led the volume chart with trades of around 2.45 crore shares followed by Nagarjuna Fertlisers (1.60 crore), IFCI (1.14 crore), Ispat Industries [Get Quote] (1.07 crore) and Indiabulls [Get Quote] Securities (97.90 lakh).