Sensex falls; Idea marks biggest fall since Oct 2008

MUMBAI (Reuters) - The BSE Sensex fell on Monday after marking its highest level in February, as telecom companies such as Idea Cellular slumped after prices in a mobile spectrum auction rose, raising worries about their profit margins.

Blue chips were also hit after foreign investors had sold Indian shares for seven consecutive sessions as of Friday.

Idea Cellular provisionally slumped 8.5 percent, provisionally marking its biggest single-day fall since October 2008, while Bharti Airtel fell 2.4 percent.

The Sensex provisionally fell 0.28 percent, snapping its four-day gaining streak, while the Nifty lost 0.24 percent.

(Reporting by Abhishek Vishnoi; Editing by Subhranshu Sahu)