Sensex, Nifty inch lower as Reliance drags, inflation data in focus

Benchmark stock market indices fell on Monday as Relaince Industries Limited shares opened weaker. Investors are also looking forward to retail inflation data scheduled to be released later in the day.

Indian shares inched lower on Monday, dragged by heavyweight Reliance Industries after the conglomerate delayed the launch of a low-cost smartphone it is developing with Google, with investors awaiting key inflation data due later in the day. The blue-chip NSE Nifty 50 index was down 0.22% at 17,335.35 by 9:18 am, while the benchmark S&P BSE Sensex fell 0.25% to 58,159.13.