Indian shares open low as Reliance shares dips after Amazon tries to block Future Deal

The NSE today saw Indian shares opening low weighed down by Reliance Industries after U.S. e-commerce major Amazon.com asked a Court to block Future Group's $3.4 billion retail asset sale to the conglomerate.

The NSE Nifty 50 index fell 0.57 per cent to 14,157.30 while the benchmark S&P BSE Sensex slipped 0.56 per cent to 48,059.52 by 0353 GMT. Shares of Reliance Industries slipped 1.96 per cent and was the top drag on the Nifty.

Future Retail opened 4.9  per cent 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.

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