Bombay stocks dropped 1% Monday as financial stocks sold off.

The BSE Sensex index slid 115 points to close at 11,915. The Sensex surged 7% last week and broke 12,000 for the first time.

Losers included

Satyam

( SAY), which slipped 4.3%,

ICICI Bank

(IBN) - Get Report

, down 3.7%, and

HDFC Bank

, down 3.3%.

Engineering outfit

Larsen & Toubro

rose 1.9%, tobacco company

ITC

rose 1.5% and oil company

ONGC

added 0.6%.

Reliance Capital

rose 2% after a sharp profit jump. Information company

HCL Infosystems

advanced 1% despite a profit slide.

Aurobindo Pharma

added 5.6% on reports that it received a tentative Food and Drug Administration approval for Simvastatin tablets.

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