Reuters Market Eye - Retail shares rose after the government won a vote on allowing foreign supermarkets to operate in multi-brand retail.
Shares in Pantaloon Retail PART.NS rose 2 percent to its highest in over a year. India's top retailer has surged 61.23 percent since September 14, when the government approved 51 percent FDI in multi-brand retail.
Shoppers Stop (SHOP.NS), which operates the Hypercity retail chain, rose 4 percent. The stock has gained 32.1 percent since the reform move was announced.
Trent (TREN.NS) rose 0.6 percent while CESC was up 0.2 percent.
Trending On Reuters
India's gold buying in the key December quarter is likely to fall to the lowest level in eight years, hurt by poor investment demand and back-to-back droughts that have slashed earnings for the country's millions of farmers. Full Article