Indian share prices fell 1.2 percent on Friday on weak Asian market trends and overseas funds taking profits in key index-linked stocks, dealers said.
They said the markets were choppy as overseas funds slowed down fresh investments after the US Federal Reserve's hike this week in its benchmark interest rate to five percent.
The benchmark 30-share Sensex index closed down 150.3 points at 12,285.11.
"The markets were nervous as overseas funds sold heavily. We expect funds to continue locking in gains in a volatile market like India's," said Andrew Holland, executive vice-president research of DSP Merrill Lynch. The Sensex has slid 2.6 percent since the announcement of the US rates hike.
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