BSE Sensex falls on weak Asian peers; WPI data eyed

Reuters Market Eye - The BSE Sensex falls 0.04 percent while the Nifty is down 0.02 percent. IT stocks fall on profit-taking after the recent run-up on Infosys' better-than-expected quarterly results.

Tata Consultancy Services Ltd falls 1 percent, while Infosys is down 0.3 percent.

Ranbaxy Laboratories Ltd falls 1.8 percent, adding to Monday's 5.4 percent slump after the U.S. Food and Drug Administration raised concerns about the manufacturing practices at a factory owned by the company.

Reliance Industries Ltd falls 0.2 percent on caution ahead of its earnings later in the week.

Traders eye December wholesale price inflation, seen at 7 percent and due Wednesday, ahead of the central bank's rate review on January 28.

Asian shares came under pressure on Tuesday, with Japanese stocks tumbling more than 2 percent as the yen hit a four-week high against the dollar after last week's surprisingly weak jobs report raised concerns about the U.S. growth outlook.

(Reporting by Abhishek Vishnoi)