Indian share prices fell 0.71 percent Tuesday amid profit-taking after a strong run, dealers said. They said much of the sell-off was in the automobile, banking and consumer goods sectors, which gained sharply in previous trading sessions.
The Mumbai stock exchange's 30-share benchmark Sensex index fell 63.78 points to close at 8,931.16 on volume of 33.41 billion rupees (727 million dollars).
"The markets opened weak after touching record levels yesterday (Monday), said Hemen Kapadia, partner at Morpheus Inc, an investment advisory firm.
"Funds and retail investors booked profits in index stocks. We expect the markets to consolidate at higher levels," he said.
The Sensex touched the record 9,000 mark Monday on sustained overseas fund buying. Foreign funds have pumped in 8.62 billion dollars into Indian equities since the start of the year.