BSE Sensex falls on econ worries

Reuters Market Eye - The BSE Sensex extended fall in afternoon to 0.9 percent, while the Nifty was down 1.3 percent on continued worries about India's growth outlook at a time of weakening indicators from the global economy.

The BSE index is down nearly 1 percent for the week so far, and is headed for its fifth weekly fall in six. Tech shares are leading losses, with Infosys and TCS down 1.7 percent each, on worries about the global economy.

Despite hopes for potential rate cuts, the Nifty's Bank index falls 1.1 percent on the worsening domestic economic conditions. State Bank of India falling 1.1 percent.

Other blue chips also under pressure: Reliance Industries down 2.1 percent, Larsen & Toubro down 1.6 percent.