In a major development to the Indian share market, the national shares have slipped on Monday as the Ambani heavyweight Reliance industries led energy stocks lower. Nifty index also dropped 0.61% to 17,656.20 where as S&P BSE Sensex fell 0.65 to 59,250.74 by 9:30 am.
Shares of Mukesh Ambani-led Reliance Industries fell 3.71% after the oil giant said last week it had decided with Saudi Aramco to reevaluate a proposed $15 billion stake sale in its oil-to-chemicals arm to Saudi Aramco.
Asian stocks opened lower as investor evaluated oil prices, COVID-19 restrictions in Europe and talk of hastened tapering from U.S Federal Reserve.
