<p>Indian shares ended lower on Monday as Reliance Industries fell to its lowest since August after a Singapore arbitration panel put its deal for Future Group assets on hold, while metal and auto stocks also contributed to losses.</p>.<p>The NSE Nifty 50 index fell 1.36% to 11,767.75, while the S&P BSE Sensex was down 1.33% at 40,145.5.</p>.<p><strong>Read: <a href="https://www.deccanherald.com/business/business-news/future-group-shares-tank-up-to-10-after-reliance-deal-put-on-hold-ril-down-2-907113.html" target="_blank">Future Group shares tank up to 10% after Reliance deal put on hold; RIL down 2%</a></strong></p>.<p>Reliance fell as much as 4.47% to its lowest level since Aug. 4, after Amazon.com Inc won an interim order in Singapore to pause Future Group's $3.38 billion asset sale to India's most valuable company.</p>.<p>Amazon has alleged the deal breached the terms of its stake purchase in Future Coupons Ltd, which owns a 7.3% stake in Future Retail.</p>.<p>"The reaction to Reliance is purely driven by sentiment," said Ajit Mishra, vice president at Religare Broking in Mumbai.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/business-news/amazon-set-for-face-off-with-ambani-for-retail-dominance-907108.html" target="_blank">Amazon set for face-off with Ambani for retail dominance</a></strong></p>.<p>"There is not much to worry as a Reliance investor and the deal stalling affects Future Group more."</p>.<p>Shares of Future Retail dropped as much as 8.48% and the company said it would take steps in enforcement proceedings to close the deal without delay.</p>.<p>Among sectors, The Nifty metals index fell as much as 4.57% and the Nifty Auto index skid as much as 3.6%</p>.<p><strong>Read: <a href="https://www.deccanherald.com/business/business-news/future-group-hints-it-may-challenge-arbitration-award-putting-ril-deal-on-hold-907075.html" target="_blank">Future Group hints it may challenge arbitration award putting RIL deal on hold</a></strong></p>.<p>Motorcycle makers Hero Motocorp and Bajaj Auto fell 6.72% and 6%, respectively. Miner Hindalco fell about 5.6%.</p>.<p>Among gainers, private-sector lender Kotak Mahindra Bank was up about 2.7% after the company reported a September-quarter profit that beat estimates.</p>.<p>U.S. Secretary of State Mike Pompeo arrived in India and kicked off his five-day Asian trip aimed strengthening ties with countries in the face of rising Chinese influence across the region.</p>
<p>Indian shares ended lower on Monday as Reliance Industries fell to its lowest since August after a Singapore arbitration panel put its deal for Future Group assets on hold, while metal and auto stocks also contributed to losses.</p>.<p>The NSE Nifty 50 index fell 1.36% to 11,767.75, while the S&P BSE Sensex was down 1.33% at 40,145.5.</p>.<p><strong>Read: <a href="https://www.deccanherald.com/business/business-news/future-group-shares-tank-up-to-10-after-reliance-deal-put-on-hold-ril-down-2-907113.html" target="_blank">Future Group shares tank up to 10% after Reliance deal put on hold; RIL down 2%</a></strong></p>.<p>Reliance fell as much as 4.47% to its lowest level since Aug. 4, after Amazon.com Inc won an interim order in Singapore to pause Future Group's $3.38 billion asset sale to India's most valuable company.</p>.<p>Amazon has alleged the deal breached the terms of its stake purchase in Future Coupons Ltd, which owns a 7.3% stake in Future Retail.</p>.<p>"The reaction to Reliance is purely driven by sentiment," said Ajit Mishra, vice president at Religare Broking in Mumbai.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/business-news/amazon-set-for-face-off-with-ambani-for-retail-dominance-907108.html" target="_blank">Amazon set for face-off with Ambani for retail dominance</a></strong></p>.<p>"There is not much to worry as a Reliance investor and the deal stalling affects Future Group more."</p>.<p>Shares of Future Retail dropped as much as 8.48% and the company said it would take steps in enforcement proceedings to close the deal without delay.</p>.<p>Among sectors, The Nifty metals index fell as much as 4.57% and the Nifty Auto index skid as much as 3.6%</p>.<p><strong>Read: <a href="https://www.deccanherald.com/business/business-news/future-group-hints-it-may-challenge-arbitration-award-putting-ril-deal-on-hold-907075.html" target="_blank">Future Group hints it may challenge arbitration award putting RIL deal on hold</a></strong></p>.<p>Motorcycle makers Hero Motocorp and Bajaj Auto fell 6.72% and 6%, respectively. Miner Hindalco fell about 5.6%.</p>.<p>Among gainers, private-sector lender Kotak Mahindra Bank was up about 2.7% after the company reported a September-quarter profit that beat estimates.</p>.<p>U.S. Secretary of State Mike Pompeo arrived in India and kicked off his five-day Asian trip aimed strengthening ties with countries in the face of rising Chinese influence across the region.</p>