Indian share prices closed flat in choppy trade Tuesday as local and foreign funds sold equities late in the afternoon, dealers said. They said the markets could see a further slide on profit-taking in coming days after the benchmark Sensex rose six percent since August 7.
The 30-share Sensex index fell 9.06 points or 0.08 percent to 11,502.62.
"The markets were choppy after the recent run-up. Selling pressure was seen in index and mid-cap stocks. We could see a further sell-off in coming days," said Soumeel Chakravarthy, dealer with equity research firm Ambit Capital.
Losers led gainers 1,275 to 1,246 on turnover of 30.79 billion rupees (662 million dollars).
State-owned Bharat Heavy Electricals fell 55.7 rupees or 2.44 percent to 2,227 while software firm Infosys Technologies declined 22.5 rupees or 1.24 percent to 1,776.