The BSE Sensex lost 370.87 points to close at 10,042.06 Monday. The index dipped sharply on account of profit-taking in some index heavyweights.

Losers included

Tata Steel

, which lost 6.88%;

Hindalco

, which shed 6.70%; and

Tata Motors

(TTM) - Get Report

, which dropped 5.79%.

Bucking the trend was

HDFC Bank

(HDB) - Get Report

, which rose 2.69%.

Aditya Birla Nuvo

lost 0.42% despite news that it has inked a pact to acquire

Minacs Worldwide

, Canada"s leading BPO provider, for $125 million. The combined business will have a revenue base of about $300 million.

Tata Coffee

gained 1.70% on the news that it has signed a definitive agreement to acquire U.S. based

Eight 0"Clock Coffee

from Gryphon Investors for $220 million. The deal is expected to benefit Tata Coffee in terms of gaining ownership of the well known US brand.

This story was created through a joint venture between TheStreet.com and IRIS.