Indian share prices fell 0.29 percent on Friday as investors sold in late trade to lock-in gains in a choppy market, dealers said. They said the markets may consolidate further next week as investors were not keen to build up fresh investment positions until buying triggers were seen or liquidity improved.
The 30-share Sensex index fell 41.01 points to 14,162.71, after gaining 200.69 points on Thursday. The markets ignored inflation data which saw a marginal dip in wholesale inflation to 4.8 percent for the week ended June 2, its lowest level in nearly a year.
India's inflation stood at 4.85 percent for the previous week. "The markets are facing resistance at the 14,200 levels and may consolidate further until there is clarity," said Hiten Mehta, a fund manager with Fortune Financial Services.
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