BENGALURU: Indian shares retreated on Monday from their longest winning streak since last October, as Reliance Industries slid following a weaker-than-expected earnings report, although a strong performance in private lender ICICI Bank limited the losses.

The NSE Nifty 50 index was down 0.19% at 16,687.8, as of 0354 GMT, while the S&P BSE Sensex slipped 0.2% to 55,958.76. Last week, the indexes rose more than 4% each in their best performances since February 2021.

India's most valuable company Reliance fell 3.4% in its biggest intraday percentage drop in more than three weeks, after its first-quarter profit missed estimates on a surge in costs.

Shares of Zomato plunged 11.5% to a record low as a one-year lock-in period ended following the food delivery company's 2021 IPO.

ICICI Bank climbed 2.2% after its quarterly profit jumped and asset quality improved.

Nifty 50 components Tata Steel, Tech Mahindra and Axis Bank are scheduled to report their results later in the day.

(Reporting by Chris Thomas in Bengaluru; Editing by Sherry Jacob-Phillips)