Markets extend fall

The market extended its recent slide due to lack of buying support, as investors watched from the sidelines ahead of major local and global events scheduled later in the week. The Sensex lost over 100 points on the back of a fall in IT, telecom, banking shares, and two-wheeler makers. A slide in heavyweight Reliance Industries (RIL) also contributed to the fall of the barometer index. Subdued Asian and European stocks also were of not much help.

The 30-share BSE Sensex lost 113.79 points (0.82%), at 13,765.46.The S&P CNX Nifty lost 34.15 points (0.83%), to end at 4,077.

Telecom shares dipped on profit-taking. Bharti Airtel shed 1.5% to Rs 809.80 and Reliance Communications lost 1.3% to Rs 460.20. RIL shed 0.8% to Rs 1592, off an early high of Rs 1614.60.

Dabur India dropped 1.7% to Rs 94.80. The company today reported 31% growth in net profit in the March 2007 quarter at Rs 65.70 crore (Rs 50.22 crore). Net sales surged 33.6% to Rs 444.76 crore from Rs 332.69 crore.