Indian shares sag

09 Jun, 2007

Indian share prices fell 0.86 percent in volatile trade on Friday as investors chose to unwind positions ahead of the weekend, dealers said. They said software stocks gained due to a weak rupee against the dollar, while automobile and steel stocks fell on fears of rising costs. The 30-share Sensex fell 122.37 points to 14,063.81.
"The markets were distinctly weak and choppy. We could see more volatility if global concerns on inflation do not ease," said Advait Date, dealer with brokerage BHH Securities. The rupee fell against the dollar to 40.98 from 40.63.

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