Retail shares gain after favorable FDI vote
Agencies: Mumbai, Dec 06 2012, 11:31 IST
Retail shares rose after the government won a vote on allowing foreign supermarkets to operate in multi-brand retail.
Shares in Pantaloon Retail rose 2 percent to its highest in over a year.
India's top retailer has surged 61.23 percent since Sept. 14, when the government approved 51 percent FDI in multi-brand retail.
Shoppers Stop, which operates the Hypercity retail chain, rose 4 percent.
The stock has gained 32.1 percent since the reform move was announced.
Trent rose 0.6 percent while CESC was up 0.2 percent.
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