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Indian shares slump on Trump win, Modi's banknotes measures

MUMBAI (NewsRise) - Indian shares tumbled to four-month lows Wednesday, as Donald Trump's unexpected U.S. presidential election win sparked a global market selloff, while New Delhi's abrupt withdrawal of large denomination banknotes rattled investors at home.

The benchmark BSE Sensex slipped 1.2% to 27,252.53 points Wednesday, its lowest since July 8, while the broader NSE Nifty50 index ended 1.3% lower at 8,432 points. The Sensex had fallen over 6% earlier, but buying in large cap pharmaceutical stocks and State Bank of India helped the index recoup some losses.

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