Indian shares closed more than 1 percent lower on Wednesday, as signs that the U.S. presidential race was tightening rattled global investor sentiment, sending Asian shares to seven-week lows and weakening the dollar.

 

The Sensex ended 1.25 percent lower at 27,527.22.

 

The broader Nifty was down 1.3 percent at 8,514, its lowest close in over three months.

 

ONGC was the top Sensex loser, skidding 4.10 per cent to close at Rs 277.35, followed by Tata Motors, which fell 3.19 per cent to Rs 514. Others that put pressure included SBI, Sun Pharma, RIL, Bharti Airtel, Dr Reddy’s, Cipla, TCS, Hero MotoCorp, Maruti Suzuki, Asian Paint and ICICI Bank, falling by up to 2.75 per cent.