Indian shares slip 0.63% as investors lock in gains

Indian shares slip 0.63% as investors lock in gains
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First Published: Wed, May 23 2007. 04 25 PM IST
Updated: Wed, May 23 2007. 04 25 PM IST
AFP
Mumbai:Indian share prices fell 0.63% on Wednesday, snapping five days of gains, as investors locked in gains, dealers said.
They said underlying buying momentum, however, remained strong, adding the markets could move to new record highs.
The benchmark 30-share Sensitive Index fell 90.46 points to 14,363.26.
“The markets could face resistance ahead but the momentum is strong which could help the indices hit record levels,” said S. Naganath, chief investment officer at asset management company DSP Merrill Lynch Fund Managers.
The Sensex hit an intraday record of 14,723.88 on 9 February this year.
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First Published: Wed, May 23 2007. 04 25 PM IST
More Topics: Money Matters | Equities |