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Indian shares fall as Reliance, metal stocks weigh
The NSE Nifty 50 index fell 0.21% to 11,904.15 by 0354 GMT, while the S&P BSE Sensex was down 0.25% at 40,588.24.
Updated on: Oct 26, 2020, 09:41:38 IST
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Indian shares fell on Monday, dragged down by Reliance Industries after a Singapore arbitration panel put its deal for Future Group assets on hold and as metal stocks declined following weak earnings from JSW Steel.
The NSE Nifty 50 index fell 0.21% to 11,904.15 by 0354 GMT, while the S&P BSE Sensex was down 0.25% at 40,588.24.
Reliance, India’s most valuable stock, fell 1.2%.
The Nifty metals index was 0.42% lower after sector heavyweight JSW Steel reported a weaker-than-expected profit for the September quarter on Friday.
The steelmaker’s shares fell about 2.3%.
