Indian stocks decline

Indian share prices fell 0.63 percent 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 February 9 this year.