Indian shares closed down 0.78 percent on Wednesday as investors locked in gains ahead of inflation data due Thursday, dealers said. The benchmark 30-share Sensex index fell 119.01 points to 15,093.12. Inflation and domestic indicators pointing to a slowing economy along with "global economic concerns are weighing on investor sentiment," said Advait Date, dealer at brokerage BHH Securities.
The latest official data showed that India's industrial production slowed to 5.4 percent in June, hit by rising inflation, hhigh input costs and monetary tightening. India's inflation is running at 12.01 percent, considerably higher than the central bank's end-of-year target of seven percent.