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Indian shares close little changed; worries about banknotes remain

Reuters

(Reuters) - Indian shares ended little changed on Wednesday, erasing early gains on concerns of slow economic growth in the near term and as worries lingered about the government's move to withdraw higher-denomination banknotes.

The broader NSE index <.NSEI> closed 0.04 percent higher at 8,111.60 after rising as much as 1.25 percent earlier in the day, while the benchmark BSE index <.BSESN> fell 0.02 percent to 26,298.69.

Consumer staples and drug makers were among the main decliners, with cigarette maker ITC <ITC.NS> ending down 2.8 percent.

(Reporting by Samantha Kareen Nair in Bengaluru; Editing by Subhranshu Sahu)

 

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