Indian share prices lost ground for a second day Wednesday, closing down 0.20 percent in choppy trade as investors booked profits following a strong rally, dealers said. They said the benchmark Sensex was facing resistance close to the key 13,000-point level.
The 30-share Sensex index fell 25.35 points to 12,858.48. "The markets saw choppy trade, still facing clear resistance close to the 13,000 levels," said Naresh Garg, chief investment officer with private sector Sahara Mutual Fund.
India's third-biggest software exporter, Wipro, fell 3.04 percent or 17.4 rupees to 557.25 on profit-taking after reporting second-quarter net profit jumped by a better-than-forecast 48 percent to seven billion rupees (154.8 million dollars).