Domestic benchmarks reversed intraday gains and ended near the flat line after a volatile session on Tuesday. As per provisional closing data, the barometer index, the S&P BSE Sensex, fell 19.69 points or 0.04% to 51,329.08. The Nifty 50 index lost 6.50 points or 0.04% to 15,109.30.
The Sensex hit a record high of 51,835.86 and the Nifty hit a record high of 15,257.10 in mid-afternoon trade. Investors booked profits after both the indices surged about 11% in the past six consecutive sessions.
Mahindra & Mahindra (down 3.04%), ITC (down 1.76%), Bajaj Finance (down 1.59%), TCS (down 1.10%) and Hindustan Unilever (down 0.93%) offset gains in Asian Paints (up 3.70%), Larsen & Toubro (up 0.83%), ICICI Bank (up 0.66%), HDFC Bank (up 0.45%) and HDFC (up 0.33%).
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Read more about Amazon urges Sebi not to issue NOC for $3.4 bn Future-Reliance deal on Business Standard. The Jeff Bezos-led e-commerce giant has further urged the markets regulator to direct the Indian Stock Exchanges to do the same
E-commerce giant Amazon has written to Sebi yet again, apprising the market regulator of the formation of the arbitration tribunal at SIAC while urging it to suspend the review of the Rs 24,713 crore Future-Reliance deal. It has also filed an appeal with the Division Bench of the Delhi High Court against the December 21 order of the single-member bench, according to sources.
On December 21, a single-member bench of the Delhi HC had rejected Future Group s plea to restrain Amazon from writing to regulatory authorities about the SIAC (Singapore International Arbitration Centre) arbitral order but gave a go-ahead to the regulators to decide over the deal. The court had also made several observations indicating that Amazon s attempt to control Future Retail through a conflation of agreements Amazon has with an unlisted unit of the Indian company will be violative of the FEMA FDI rules.
Amazon writes to SEBI again, asking it to suspend review of the Future Retail-Reliance deal
PTIJan 12, 2021, 08:40 IST
BCCL
New Delhi, Jan 11 () E-commerce major
Amazon has written to Sebi yet again, apprising the market regulator of the formation of the arbitration tribunal at SIAC while urging it to suspend the review of the Rs 24,713 crore Future-RIL deal. It has also filed an appeal with the Division Bench of the Delhi High Court against the December 21 order of the single member bench, according to sources.
On December 21, a single member bench of the Delhi HC had rejected Future Group s plea to restrain Amazon from writing to regulatory authorities about the SIAC (Singapore International Arbitration Centre) arbitral order but gave a go-ahead to the regulators to decide over the deal.