Indian shares close little changed; worries about banknotes remain

MUMBAI: 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 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 fell 0.02 percent to 26,298.69.

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