Indian share prices closed up 0.20 percent on Tuesday to hit a fourth straight record high, led by buying in software stocks, dealers said. They said Asian market trends boosted buying interest in index heavyweights, but profit-taking trimmed gains.
The 30-share benchmark Sensex index rose 26.5 points to 13,425.5. The previous record close was Monday when the index touched 13,399. The market also touched a new intraday high Tuesday of 13,486.74, up from the previous record of 13,410.08 set on Monday.
"It is time for investors to be cautious. The markets have risen up sharply in recent weeks and buying interest in thinning," said a dealer with brokerage Prabhudas Lilladher Securities.
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