Pantaloon Retail rallied sharply by more than 9 per cent, following reports that the RBI has eased FII investments norms in the company. The stock was last traded at Rs 264, up at 9.27 per cent in early trade.
Other retail stocks also saw buying interest with Shopper's Stop gaining 4 per cent, Trent rising more than 1 per cent, BrandHouse Retails gaining 6 per cent and Provogue India jumping 6 per cent.
Sentiments for retail stocks were also boosted after the foreign investment board cleared IKEA's proposal to set up stores in the country. This would now pave the way for the Swedish giant to invest $1.86 billion in the country.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google