Markets retreat from record highs; Sensex falls 216 points

Equity benchmarks Sensex and Nifty pared early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. Intense selling in private bank counters like ICICI Bank and Kotak Bank also dragged the indices down, brokers said.

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News