Home / Markets / Stock Markets /  Future Group stocks surge 20% after CCI suspends Amazon deal
Listen to this article

Indian shares fell on Monday as a surge in global Omicron COVID-19 cases threatened to roil economic recovery, while shares of Future Group companies jumped after the country's antitrust agency suspended its deal with

The NSE Nifty 50 index fell 1.4% to 16,745 and the benchmark S&P BSE Sensex was down 1.4% at 56,235.04.

Shares of Future Retail jumped % after India's antitrust agency suspended's 2019 deal with Future Group on Friday, potentially denting the U.S. e-commerce giant's attempts to block the sale of Future's retail assets to Reliance Industries.

Amazon has for months successfully used the terms of its $200 million investment in Future to block the Indian retailer's attempt to sell retail assets to Reliance for $3.4 billion.

The Netherlands went into lockdown on Sunday and the possibility of more COVID-19 restrictions being imposed ahead of the Christmas and New Year holidays loomed over several European countries as the Omicron variant spreads rapidly.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Recommended For You

Edit Profile
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout