Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

Indian Shares Slip As Reliance Falls After Amazon Tries To Block Future Deal

The blue-chip NSE Nifty 50 index fell 0.57% to 14,157.30, while the benchmark S&P BSE Sensex slipped 0.56% to 48,059.52 by 0353 GMT.

Photo Credit :

1606450823_De38V6_2020_11_27T041732Z_1_LYNXMPEGAQ049_RTROPTP_4_GLOBAL_MARKETS_INDIA.JPG

 Indian shares opened lower on Wednesday, weighed down by heavyweight Reliance Industries after U.S. e-commerce giant Amazon.com requested a court to block Future Group's $3.4 billion retail asset sale to the conglomerate.

The blue-chip NSE Nifty 50 index fell 0.57% to 14,157.30, while the benchmark S&P BSE Sensex slipped 0.56% to 48,059.52 by 0353 GMT.

Shares of Reliance Industries slipped 1.96% and was the top drag on the Nifty.

Future Retail opened 4.9% lower after Amazon.com asked the Delhi High Court to enforce a Singapore arbitrator's decision and also called for Future Group's chief executive officer to be detained.

Investors are also eyeing a slew of corporate results due later in the day, including private sector lender Axis Bank and consumer giant Hindustan Unilever.

(Reuters)


Tags assigned to this article:
indian shares sensex nifty equity investments share markets