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Indian shares slip as Reliance falls after Amazon tries to block Future deal

Published 27-01-2021, 09:45 am
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BENGALURU, Jan 27 (Reuters) - 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 .NSEI fell 0.57% to 14,157.30, while the benchmark S&P BSE Sensex .BSESN slipped 0.56% to 48,059.52 by 0353 GMT.

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

Future Retail (NS:FURE) FRTL.NS opened 4.9% lower after Amazon.com AMZN.O 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. are also eyeing a slew of corporate results due later in the day, including private sector lender Axis Bank AXBK.NS and consumer giant Hindustan Unilever HLL.NS .

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