Indian share prices fell 0.38 percent on Tuesday to snap three days of gains after Wall Street shares slipped overnight on fresh concerns of an economic slowdown in the US, dealers said. They said investors locked-in gains in index heavyweights, though mid and small-cap stocks saw select buying.
The benchmark 30-share Sensex index fell 73.91 points to 19,529.5, after gaining 3.5 percent in the past three trading days. "The market showed signs of consolidation after a recent run-up. We expect investors to book profits," said a dealer with brokerage Prabhudas Lilladher.
Gainers led losers 1,929 to 881 on volume of 91.11 billion rupees (2.31 billion dollars). India's fourth largest software exporter Satyam Computer fell 7.1 rupees or 1.58 percent to 440.9, as the rupee firmed against the dollar. The world's sixth-largest steel maker Tata Steel rose 34.25 rupees or 4.08 percent to 872.9 on media reports that its Corus unit plans to raise prices next year.
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