Bombay stocks took it on the chin Monday, slumping 3.8%.

The BSE Sensex dropped 463 points to close at 11,822, after the index set several new highs last week. Shares in every company in the 30-stock index declined.

Big losers included aluminum giant Hindalco, down 13%, Tata Steel, down 9%, and chemicals giant Grasim, down 5.6%. Tata Motors ( TTM) declined 4.5%.

Lupin rose 1.4% on a marketing pact with ItalFarmaco.

Suzlon Energy, wind energy equipment major, fell 7.2% despite a 108% rise in the net earnings for 2005-06.

Wockhardt fell 2.2% after getting FDA approval to sell ceftriaxone sodium injection in the US.

Despite Monday's sharp selloff, the BSE Sensex is up 83% on a year ago.

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