BSE Sensex extends falls; software companies slump

Reuters Market Eye - The BSE Sensex falls 0.44 percent, while the Nifty is down 0.5 percent. Shares in software companies fall on profit-taking after the recent run-up on Infosys' better-than-expected quarterly results.

Tata Consultancy Services falls 1.6 percent, HCL Technologies is down 2 percent and Wipro trades 1.7 percent lower.

Ranbaxy Laboratories drops 2.3 percent, adding to Monday's 5.4 percent slump after the U.S. Food and Drug Administration raised concerns about manufacturing practices at one of its factories.

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

(Reporting by Abhishek Vishnoi)