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Retail stocks rise ahead of voting for FDI in multi-brand retail

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 Retail stocks rise ahead of voting for FDI in multi-brand
Shoppers Stop: Quotes, News
BSE 256.50BSE Quote8.05 (-3.14%)
NSE 256.25NSE Quote8.5 (-3.32%)
Shares of retailers rose ahead of key voting in the Lok Sabha for permitting foreign direct investment in the retail sector.

Pantaloon Retail was up by 1%, Shoppers's Stop was up by 1.1% at Rs 436, while Provogue and Brandhouse were trading flat.

 

The Lok Sabha will debate allowing FDI in multi-brand retail, followed by voting later in the day. It is largely expected that FDI in multi-brand retail would sail through in the Lok Sabha, but, its passage in the Rajya Sabha remains a crucial question, given that the government is clearly in a minority.

GoodReturns.in

Read more about: fdi
Story first published: Wednesday, December 5, 2012, 10:36 [IST]
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