Indian shares weaken

Indian share prices closed 0.59 percent lower on Wednesday with investors cautious as the benchmark index hovers near record high levels, dealers said. Selling pressure was seen in automobile, software and steel stocks, they said.
The 30-share Sensex index fell 63.85 points to 10,841.35 after rising above 11,000 for the first time in intraday trade Tuesday. "A certain amount of nervousness was seen today with investors booking profits at higher levels. The markets are likely to be in a trading range of 10,700 to 11,000 in the coming days," said R. Balakrishnan, director, Parallex Consultancy Services Ltd.