Indian shares close little changed; worries about banknotes remain

November 16, 2016 5:44 AM EST

The Bombay Stock Exchange (BSE) building is illuminated during the Diwali special trading session celebrating the annual Hindu festival of lights in Mumbai, India, October 30, 2016. REUTERS/Shailesh Andrade

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(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 (NYSE: ITC) ending down 2.8 percent.

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

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