The Bombay Stock Exchange 30-share barometer ended the week at 15,160.24, at a net a fall of 510.07 points or 3.26 per cent from its last weekend's close.
The sensex crossed 16,000 level for the first time in 14 months to touch a trading high of 16,002.46 on August 4.
It rose by 2,166 points or 16 per cent in the last three weeks on impressive earnings season.
The broader 50-share Nifty of the National Stock Exchange also tumbled by 155.05 points or 3.34 per cent to close the week at 4,481.40 from its previous weekend's close.
The initial public offer by state-run NHPC, which got good response on the first of its opening, also raised fears that it will absorb liquidity from the secondary market.
Analysts said monsoon rains is the main source for nearly 60 per cent farm irrigation in India and considered crucial for Asia's third-largest economy, which has started showing signs of recovery.
As per the provisional figures, Foreign Institutional Investors (FII's) sold shares worth Rs 2,113 crore in the concluding three days of week.
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