REUTERS - Indian shares fell more than 1 percent on Wednesday, cutting losses of over 6 percent intraday, as investors saw a move to withdraw from circulation higher-denomination banknotes as positive for the economy and leading to easing inflation.
The recovery offset an initial bout of uncertainty about the banking measures and early trends indicating Republican candidate Donald Trump winning the U.S. presidential race.
The Nifty ended 1.31 percent lower at 8,432.00, after earlier slumping as much as 6.34 percent to its lowest since June 24, the day after Britain unexpectedly voted to leave the European Union.
The Sensex closed 1.23 percent lower at 27,252.53, after dropping as much as 6.12 percent earlier in the day.
(Reporting by Darshana Sankararaman in Bengaluru; Editing by Biju Dwarakanath)
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