The Sensex nursed losses for the first time this week on Friday as market heavyweight Reliance Industries slumped after the Supreme Court sided with Amazon in the RIL-Future Group deal, while the Reserve Bank kept interest rates unchanged and maintained its accommodative stance.
The 30-share BSE index ended 215.12 points or 0.39 per cent lower at 54,277.72, and the broader NSE Nifty fell 56.40 points or 0.35 per cent to 16,238.20.
Reliance Industries was the top laggard among the Sensex constituents, shedding 2.07 per cent, after the apex court on Friday ruled in favour of US-based e-commerce giant Amazon by holding that Singapore’s Emergency Arbitrator (EA) award, restraining the `24,731 crore merger deal of Future Retail Ltd (FRL) with Reliance Retail, was valid and enforceable under Indian laws.