Sensex closes lower, banks lead

MUMBAI (Reuters) - Indian shares fell on Wednesday as lenders such as State Bank of India declined on caution ahead of the unveiling of a new methodology for calculating lending rates while broader sentiment was also hit by continued worries about a U.S. rate hike.

The Nifty ended 0.3 percent lower, while the Sensex dropped 0.2 percent.

(Reporting by Karen Rebelo in Mumbai; Editing by Subhranshu Sahu)