Mumbai: The Sensex closed nearly 100 points in the red on Monday, its four-session winning streak snapped by profit-booking as auto-makers tanked on fears that rising interest rates will curb demand and oil and gas and metal stocks declined on growth concerns at home and overseas.
The Sensex, which has gained 1,016 points over the past four trading sessions, fell by 99.79 points to 17,705.01 after touching an intra-day high of 17,813.11.      

The Sensex had rallied by 6.1 percent last week as European leaders agreed to expand a bailout fund to stem the region's debt crisis and the Reserve Bank of India signaled the halt of a record cycle of interest rate hikes.
In a similar fashion, the broad-based National Stock Exchange index Nifty lost 34.10 points today, closing at 5,326.60 after moving in a narrow range between 5,314.60 and 5,360.25.
In the 30-share Sensex pack, 22 counters closed with losses, while the remaining registered gains, with the exception of Larsen and Toubro, which remained unchanged in limited deals.
The oil and gas sector index suffered the most, losing 2.09 percent to 8,987.52 as the most-weighted firm in the 30-share Sensex pack, Reliance Industries, fell by 2.26 percent to Rs 877.75 and ONGC by 1.97 percent to Rs 279.
The metal sector index was the second-worst performer, losing 1.97 percent to 11,904.10. Hindalco Industries was the biggest loser among the 30 Sensex companies, losing 4.11 percent, while Sterlite Industries was a close second, plummeting by 4.10 percent. Jindal Steel closed 2.87 percent lower.
The auto index was dragged down by 0.98 percent to 9,477.19 over fears that a steep rise in interest rates will hamper sales. In addition, the poor second quarter results of leading car-maker Maruti Suzuki India dampened the sentiment.
Maruti Suzuki had posted a 59 percent decline in net profit for the second quarter after production was hit by labour unrest.
In the auto segment, Tata Motors lost 3.76 percent to Rs 198.45, while Bajaj Auto fell by 1.21 percent to Rs 1,733.15. After plummeting by 6 percent in early trade, shares of Maruti Suzuki recovered to close 0.21 percent lower at Rs 1,125.65.
Meanwhile, Asian stocks declined, with the MSCI Asia Pacific Index posting its biggest drop in a month as China vowed to maintain property lending curbs.
European stocks opened lower as investors remained reluctant to buy equities before the euro zone leaders explain how they will fund their expanded bailout facility.