With the approval of 51% FDI in multi-brand retail, shares of companies engaged in multi-brand retail may witness frantic buying on Monday. Shares of Pantaloon Retail, Shopper's Stop, Provogue, Koutons Retail etc., might open higher following the government's decision to permit 51% FDI in multi-brand retail. Easing of rules for single brand retail could also lead to improved sentiments.
Aviation stocks are also set to fly on Monday, following a decision by the government to increase
FDI in the aviation industry.
Kingfisher Airlines and Spice Jet are likely to see renewed buying interest on Monday, as it is expected that the government's move to increase FDI in aviation will breather new life into the aviation sector.
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