GOI has approved FDI in retail sector a big move towards liberalization and reform. The government paralyses is coming to an end. All Retails Stocks Like Pantaloon,Shopper Stop will be in focus today.
Cabinet today cleared the bill to increase foreign direct investment to 51% in multi-brand retail and 100% in single brand.
As per Kishore Biyani India will sees inflows of $8bn in 5-10 years.
Pantaloon
Pantaloon moved up 12% with huge volumes yesterday and took resistance at its 50 SMA@205. Traders have bought on speculation that GOI will pass the Bill and it happened. Stock should open ...Read the Full Story
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