Nifty hits lowest in nearly a week on profit-taking

Reuters Market Eye - The Nifty was trading in the red on Monday after hitting its lowest since July 22 as profit-taking continued to weigh on blue-chips after the broader index hit a record high on Friday.

The 50-share Nifty was down 0.62 percent as of 2:05 p.m.

ICICI Bank fell 1.33 percent while Reliance Industries down 1.34 percent.

Other recent outperformers fall: Housing Development Finance Corp down 1.57 percent, Kotak Mahindra Bank Ltd down 1.55 percent.

(Reporting by Abhishek Vishnoi)