Indian share prices closed down 1.25 percent on Tuesday as investors locked-in gains from record levels and took note of a sharp fall on Wall Street overnight, dealers said. They said that software companies led the fall as the majority of their sales are to US clients who face pressure on signs that the economy is set for a slowdown.
The 30-share Sensex index fell 171.64 points to 13,601.95 following a record close of 13,773.59 Monday. "The sharp run-up simply meant that the markets required a breather. Investors booked profits and this trend may continue," said R. Balakrishnan, a director with Parallex Consultancy Services.