Retail shares gain after favorable FDI vote
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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.
Stocks More Pantaloon Retail
Company INFO More on Pantaloon Retail
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