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Published on 11/02/2019 4:08:24 PM | Source: Reuters

Nifty, Sensex end lower as Reliance drags

Posted in Stock Market| #Sensex #Stock Market #NSE #BSE #Nifty

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Indian shares fell on Monday, dragged by declines in energy stocks including index-heavyweight Reliance Industries Ltd, as investors fretted over global uncertainties and lacklustre quarterly earnings.

While a Sino-U.S. trade dispute continues to worry investors, a breakdown in talks on border security funding between Democratic and Republican lawmakers sparked fears of another government shutdown in the United States.

The benchmark BSE Sensex settled 0.41 percent lower at 36,395.03. The broader NSE Nifty declined 0.50 percent to 10,888.8.

Reliance Industries was the top drag on the NSE index, closing 1.8 percent lower, while Mahindra & Mahindra Ltd slumped 5.07 percent after posting disappointing quarterly results on Friday.

(Reporting By Arnab Paul in Bengaluru; Editing by Shreejay Sinha)