Sensex closes lower, banks lead

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Reuters MUMBAI
Last Updated : Dec 02 2015 | 4:28 PM IST

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)

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First Published: Dec 02 2015 | 4:15 PM IST