India, March 11 -- Indian benchmark shares fell on Wednesday, after a rebound in the previous session, as the Middle East war kept investors unsure about the impact on inflation and growth, with oil prices also seesawing.

As of noon, the 30-share S&P BSE Sensex had shed 1.33%, or 1,045.15 points, even as the wider NSE Nifty 50 traded up to 1.19% lower, after a near-flat to positive open on Wednesday. Eight out of the 16 major sectors declined, with heavyweights HDFC Bank and ICICI Bank dropping 1.4% each and Reliance Industries losing 0.48%.

The smallcaps rose 0.5% while the midcaps were flat.

"There is still considerable geopolitical uncertainty and that is why markets are basically on edge," Devarsh Vakil, head of prime research at H...