Indian share prices closed at a fifth straight record high on Thursday, edging ahead in choppy trade as the market faced strong resistance in getting through the key 14,000 points level, dealers said. The benchmark 30-share Mumbai stock exchange Sensex index added 23.03 points to 13,972.03, topping Wednesday's record finish at 13,949.0.
The Sensex hit an all-time-peak of 14,035.30 intraday Wednesday, led by expectations of sustained economic growth and healthy profit growth for leading companies which report earnings next month for the quarter ended December.
"The markets are facing resistance at the 14,000 levels. Investors should expect cautious trends ahead as some funds could exit the market" at these levels, said Hiten Mehta, a fund manager with Fortune Financial Services.
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